Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Grows By 160.2%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, an increase of 160.2% from the January 31st total of 657,300 shares. Based on an average trading volume of 4,612,800 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ:JEPQ opened at $55.13 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $47.67 and a 52 week high of $58.54. The firm’s fifty day moving average is $57.28 and its 200-day moving average is $55.82. The firm has a market cap of $21.70 billion, a P/E ratio of 33.40 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

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

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of JEPQ. Mainstream Capital Management LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares in the last quarter. Crewe Advisors LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the 4th quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Capital A Wealth Management LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $29,000. Finally, Pinnacle Bancorp Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $31,000.

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.