JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Significant Decrease in Short Interest

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a large drop in short interest during 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 daily volume of 85,106 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

JPMorgan High Yield Municipal ETF Price Performance

Shares of NYSEARCA JMHI opened at $47.42 on Friday. The business’s 50 day moving average price is $49.11 and its two-hundred day moving average price is $49.76. JPMorgan High Yield Municipal ETF has a twelve month low of $47.31 and a twelve month high of $51.19.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of JPMorgan High Yield Municipal ETF by 25.7% in the second quarter. Envestnet Asset Management Inc. now owns 30,500 shares of the company’s stock valued at $1,544,000 after purchasing an additional 6,227 shares during the period. NewEdge Advisors LLC boosted its stake in JPMorgan High Yield Municipal ETF by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 32,834 shares of the company’s stock valued at $1,663,000 after purchasing an additional 2,793 shares during the period. Citadel Advisors LLC grew its holdings in JPMorgan High Yield Municipal ETF by 8.5% in the 2nd quarter. Citadel Advisors LLC now owns 7,662 shares of the company’s stock valued at $388,000 after buying an additional 598 shares in the last quarter. Financial Insights Inc. increased its position in JPMorgan High Yield Municipal ETF by 6.8% during the 2nd quarter. Financial Insights Inc. now owns 9,946 shares of the company’s stock worth $504,000 after buying an additional 637 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in JPMorgan High Yield Municipal ETF by 2.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,584 shares of the company’s stock worth $890,000 after buying an additional 373 shares during the period.

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.