JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Down 30.4% in December

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 932,400 shares, a drop of 30.4% from the November 30th total of 1,340,000 shares. Based on an average daily trading volume, of 3,433,600 shares, the days-to-cover ratio is presently 0.3 days.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

NASDAQ JEPQ traded down $0.39 during trading on Friday, reaching $57.74. 4,633,142 shares of the company traded hands, compared to its average volume of 2,993,519. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $47.67 and a 1-year high of $58.21. The stock’s 50 day moving average price is $56.59 and its two-hundred day moving average price is $54.93.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

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

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JEPQ. Salomon & Ludwin LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth $33,000. Pin Oak Investment Advisors Inc. grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 250.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock worth $44,000 after purchasing an additional 575 shares during the period. CENTRAL TRUST Co bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $48,000. Finally, WR Wealth Planners LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1,691.5% in the second quarter. WR Wealth Planners LLC now owns 1,272 shares of the company’s stock valued at $71,000 after purchasing an additional 1,201 shares during the last quarter.

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.