JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Large Decline in Short Interest

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,225 shares, a drop 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 shares of the stock are short sold.

Institutional Trading of JPMorgan High Yield Municipal ETF

Several large investors have recently modified their holdings of JMHI. Cetera Investment Advisers boosted its position in shares of JPMorgan High Yield Municipal ETF by 4.2% in the first quarter. Cetera Investment Advisers now owns 438,873 shares of the company’s stock valued at $21,869,000 after acquiring an additional 17,696 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the first quarter valued at $8,327,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $5,507,000 after purchasing an additional 18,686 shares during the last quarter. Stewardship Advisors LLC bought a new position in shares of JPMorgan High Yield Municipal ETF in the 1st quarter valued at about $4,138,000. Finally, Royal Bank of Canada raised its position in shares of JPMorgan High Yield Municipal ETF by 439.2% in the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after acquiring an additional 47,072 shares during the period.

JPMorgan High Yield Municipal ETF Trading Down 0.3%

NYSEARCA:JMHI traded down $0.12 during trading hours on Friday, reaching $47.42. 232,931 shares of the company’s stock were exchanged, compared to its average volume of 36,126. The business’s 50-day simple moving average is $49.11 and its two-hundred day simple moving average is $49.75. JPMorgan High Yield Municipal ETF has a 12 month low of $47.31 and a 12 month high of $51.19.

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.