JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Significant Decrease in Short Interest

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,225 shares, a decrease of 72.3% from the August 31st total of 22,449 shares. Based on an average trading volume of 85,106 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Several hedge funds have recently modified their holdings of the stock. Capital Asset Advisory Services LLC bought a new stake in JPMorgan High Yield Municipal ETF during the first quarter worth about $8,327,000. Stewardship Advisors LLC bought a new stake in shares of JPMorgan High Yield Municipal ETF during the 1st quarter worth approximately $4,138,000. Royal Bank of Canada grew its stake in shares of JPMorgan High Yield Municipal ETF by 439.2% in the first quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after buying an additional 47,072 shares in the last quarter. NewEdge Advisors LLC increased its holdings in JPMorgan High Yield Municipal ETF by 201.4% during the first quarter. NewEdge Advisors LLC now owns 30,041 shares of the company’s stock worth $1,497,000 after buying an additional 20,075 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in JPMorgan High Yield Municipal ETF by 20.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 109,587 shares of the company’s stock worth $5,507,000 after acquiring an additional 18,686 shares in the last quarter.

JPMorgan High Yield Municipal ETF Trading Down 0.3%

NYSEARCA JMHI opened at $47.42 on Friday. JPMorgan High Yield Municipal ETF has a 12-month low of $47.31 and a 12-month high of $51.19. The firm’s 50 day moving average is $49.11 and its 200-day moving average is $49.76.

About JPMorgan High Yield Municipal ETF

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.