Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Declines By 83.2%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,212 shares, a drop of 83.2% from the May 14th total of 19,131 shares. Based on an average trading volume of 17,568 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

JPMorgan High Yield Municipal ETF Stock Down 0.1%

JMHI traded down $0.06 during trading hours on Wednesday, hitting $50.10. The company’s stock had a trading volume of 21,830 shares, compared to its average volume of 28,330. JPMorgan High Yield Municipal ETF has a fifty-two week low of $48.74 and a fifty-two week high of $51.19. The company has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $50.30.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in JPMorgan High Yield Municipal ETF by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 438,873 shares of the company’s stock valued at $21,869,000 after purchasing an additional 17,696 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in JPMorgan High Yield Municipal ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock valued at $8,757,000 after purchasing an additional 35,110 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in JPMorgan High Yield Municipal ETF during the 1st quarter valued at $8,327,000. LPL Financial LLC boosted its stake in JPMorgan High Yield Municipal ETF by 19.1% during the 4th quarter. LPL Financial LLC now owns 145,969 shares of the company’s stock valued at $7,335,000 after purchasing an additional 23,443 shares in the last quarter. Finally, Prentice Wealth Management LLC boosted its stake in JPMorgan High Yield Municipal ETF by 3.3% during the 4th quarter. Prentice Wealth Management LLC now owns 126,361 shares of the company’s stock valued at $6,350,000 after purchasing an additional 4,078 shares in 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.