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

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 30,201 shares, a growth of 1,365.4% from the April 15th total of 2,061 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 32,897 shares, the short-interest ratio is presently 0.9 days.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of NYSEARCA JMHI opened at $50.15 on Tuesday. JPMorgan High Yield Municipal ETF has a fifty-two week low of $48.74 and a fifty-two week high of $51.19. The business has a 50-day moving average of $50.11 and a 200-day moving average of $50.39.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optima Capital LLC bought a new position in JPMorgan High Yield Municipal ETF during the fourth quarter worth about $40,000. Stone House Investment Management LLC bought a new position in JPMorgan High Yield Municipal ETF during the fourth quarter worth about $45,000. Global Retirement Partners LLC bought a new position in JPMorgan High Yield Municipal ETF during the fourth quarter worth about $100,000. Ameriflex Group Inc. grew its holdings in JPMorgan High Yield Municipal ETF by 127.0% during the third quarter. Ameriflex Group Inc. now owns 3,635 shares of the company’s stock worth $184,000 after purchasing an additional 2,034 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in JPMorgan High Yield Municipal ETF during the fourth quarter worth about $220,000.

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.