JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Update

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,479 shares, a drop of 48.9% from the July 15th total of 2,896 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 64,073 shares, the days-to-cover ratio is currently 0.0 days.

JPMorgan High Yield Municipal ETF Trading Down 0.4%

Shares of JMHI traded down $0.20 during trading hours on Friday, hitting $49.65. The company had a trading volume of 20,816 shares, compared to its average volume of 29,363. JPMorgan High Yield Municipal ETF has a one year low of $49.01 and a one year high of $51.19. The company’s fifty day moving average price is $50.03 and its two-hundred day moving average price is $50.16.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at about $26,000. GGM Financials LLC lifted its position in JPMorgan High Yield Municipal ETF by 2.4% during the fourth quarter. GGM Financials LLC now owns 53,130 shares of the company’s stock valued at $2,670,000 after acquiring an additional 1,229 shares during the last quarter. Citadel Advisors LLC lifted its position in JPMorgan High Yield Municipal ETF by 22.5% during the third quarter. Citadel Advisors LLC now owns 7,074 shares of the company’s stock valued at $357,000 after acquiring an additional 1,299 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in JPMorgan High Yield Municipal ETF by 17.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,182 shares of the company’s stock worth $461,000 after buying an additional 1,347 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in JPMorgan High Yield Municipal ETF by 37.1% in the first quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock valued at $342,000 after buying an additional 1,832 shares during the last quarter.

JPMorgan High Yield Municipal ETF Company Profile

The JPMorgan High Yield Municipal ETF (JMHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that primarily invests in US municipal securities of varying maturities, exempt from federal income tax. The fund seeks to provide a high level of current income from high yield securities. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.