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

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

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ traded up $0.85 during trading on Friday, reaching $55.98. The company had a trading volume of 7,228,378 shares, compared to its average volume of 5,245,327. The firm’s 50-day simple moving average is $57.26 and its 200 day simple moving average is $55.87. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 33.40 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $47.67 and a 12-month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

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

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of large investors have recently made changes to their positions in JEPQ. Mainstream Capital Management LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,000. O Shaughnessy Asset Management LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock valued at $28,000 after buying an additional 254 shares in the last quarter. Crewe Advisors LLC raised its position in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% during the fourth quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after buying an additional 309 shares during the period. Capital A Wealth Management LLC purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $29,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth about $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.