JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Up 794.1% in June

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,107 shares, an increase of 794.1% from the June 15th total of 683 shares. Based on an average trading volume of 17,008 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in JPMorgan High Yield Municipal ETF during the 1st quarter valued at about $26,000. Optima Capital LLC bought a new position in JPMorgan High Yield Municipal ETF in the 4th quarter worth about $40,000. Stone House Investment Management LLC purchased a new position in shares of JPMorgan High Yield Municipal ETF during the fourth quarter worth approximately $45,000. Global Retirement Partners LLC purchased a new position in shares of JPMorgan High Yield Municipal ETF during the fourth quarter worth approximately $100,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter valued at approximately $220,000.

JPMorgan High Yield Municipal ETF Stock Performance

JPMorgan High Yield Municipal ETF stock traded up $0.08 during mid-day trading on Friday, hitting $50.16. The company’s stock had a trading volume of 12,047 shares, compared to its average volume of 26,847. The company has a 50 day moving average of $50.16 and a 200-day moving average of $50.29. JPMorgan High Yield Municipal ETF has a one year low of $48.74 and a one year high of $51.19.

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.