Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Decreases By 49.8%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 657,300 shares, a decline of 49.8% from the January 15th total of 1,310,000 shares. Based on an average daily volume of 4,366,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.1% during the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after acquiring an additional 2,805,860 shares during the last quarter. LPL Financial LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after acquiring an additional 860,019 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,695,705 shares of the company’s stock worth $321,124,000 after acquiring an additional 498,270 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,241,092 shares of the company’s stock valued at $182,733,000 after buying an additional 8,393 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $174,675,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.3 %

Shares of JEPQ stock traded up $0.16 during trading hours on Friday, reaching $58.27. 3,634,463 shares of the company’s stock were exchanged, compared to its average volume of 5,002,244. JPMorgan Nasdaq Equity Premium Income ETF has a 1 year low of $47.67 and a 1 year high of $58.31. The stock has a market cap of $22.94 billion, a PE ratio of 32.10 and a beta of -0.84. The stock’s fifty day moving average price is $57.30 and its two-hundred day moving average price is $55.40.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.4502 per share. The ex-dividend date of this dividend was Monday, February 3rd.

About JPMorgan Nasdaq Equity Premium Income ETF

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.