Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Declines By 18.3%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,340,000 shares, a drop of 18.3% from the November 15th total of 1,640,000 shares. Based on an average daily trading volume, of 3,118,400 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2 %

JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.13 during mid-day trading on Friday, hitting $57.85. The company’s stock had a trading volume of 3,346,168 shares, compared to its average volume of 2,927,808. The stock has a market capitalization of $18.66 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.67 and a twelve month high of $57.99. The stock’s fifty day moving average price is $56.02 and its two-hundred day moving average price is $54.69.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 4th. Shareholders of record on Monday, December 2nd were issued a $0.5083 dividend. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.42. The ex-dividend date was Monday, December 2nd.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth about $225,000. Raymond James & Associates boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 35.4% during the second quarter. Raymond James & Associates now owns 1,162,101 shares of the company’s stock worth $64,497,000 after purchasing an additional 303,680 shares during the period. Western Wealth Management LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 15.2% during the second quarter. Western Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $798,000 after purchasing an additional 1,893 shares in the last quarter. Creative Planning increased its stake in JPMorgan Nasdaq Equity Premium Income ETF by 14.4% in the 3rd quarter. Creative Planning now owns 23,608 shares of the company’s stock valued at $1,297,000 after buying an additional 2,966 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter valued at approximately $2,144,000.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.