JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 52.6% in July

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,896 shares, a decrease of 52.6% from the June 30th total of 6,107 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 19,716 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Asset Advisory Services LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the 1st quarter worth about $8,327,000. Stewardship Advisors LLC bought a new position in JPMorgan High Yield Municipal ETF in the 1st quarter worth about $4,138,000. Cetera Investment Advisers increased its stake in shares of JPMorgan High Yield Municipal ETF by 22.1% in the fourth quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock valued at $21,164,000 after purchasing an additional 76,158 shares during the period. Royal Bank of Canada increased its stake in shares of JPMorgan High Yield Municipal ETF by 439.2% in the first quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after purchasing an additional 47,072 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of JPMorgan High Yield Municipal ETF by 25.4% in the third 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 during the period.

JPMorgan High Yield Municipal ETF Trading Up 0.3%

Shares of NYSEARCA JMHI traded up $0.15 during mid-day trading on Tuesday, hitting $49.82. The company had a trading volume of 63,562 shares, compared to its average volume of 30,009. JPMorgan High Yield Municipal ETF has a 12 month low of $49.01 and a 12 month high of $51.19. The firm’s 50 day simple moving average is $50.14 and its two-hundred day simple moving average is $50.25.

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.