Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Decreases By 13.5%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 563,500 shares, a decline of 13.5% from the August 31st total of 651,300 shares. Based on an average daily volume of 3,056,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JEPQ. LPL Financial LLC lifted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.4% during the second quarter. LPL Financial LLC now owns 7,216,924 shares of the company’s stock worth $400,539,000 after acquiring an additional 1,017,261 shares during the period. Envestnet Asset Management Inc. boosted its position in JPMorgan Nasdaq Equity Premium Income ETF by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,873,394 shares of the company’s stock valued at $159,473,000 after buying an additional 174,473 shares during the period. Osaic Holdings Inc. raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 26.0% during the first quarter. Osaic Holdings Inc. now owns 2,389,490 shares of the company’s stock valued at $129,587,000 after acquiring an additional 493,420 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 2nd quarter. RiverFront Investment Group LLC now owns 2,242,816 shares of the company’s stock worth $124,476,000 after acquiring an additional 105,765 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 19.5% in the second quarter. Commonwealth Equity Services LLC now owns 1,795,256 shares of the company’s stock worth $99,637,000 after purchasing an additional 292,808 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.13 on Monday, hitting $54.93. The company had a trading volume of 3,930,492 shares, compared to its average volume of 2,828,651. The firm has a market capitalization of $15.59 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 $44.95 and a twelve month high of $56.18. The stock has a 50-day moving average of $53.09 and a 200-day moving average of $53.73.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.5569 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $6.68 annualized dividend and a yield of 12.17%. The ex-dividend date of this dividend was Tuesday, September 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.