JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Update

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,479 shares, a decrease of 48.9% from the July 15th total of 2,896 shares. Based on an average trading volume of 64,073 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after purchasing an additional 35,110 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the first quarter worth about $8,327,000. LPL Financial LLC raised its position 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 worth $7,335,000 after buying an additional 23,443 shares during the last quarter. Finally, Prentice Wealth Management LLC lifted 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 acquiring an additional 4,078 shares during the period.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of JPMorgan High Yield Municipal ETF stock traded down $0.20 during midday trading on Friday, hitting $49.65. The company had a trading volume of 20,816 shares, compared to its average volume of 29,363. The company has a fifty day simple moving average of $50.03 and a 200 day simple moving average of $50.16. JPMorgan High Yield Municipal ETF has a 12-month low of $49.01 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.