Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Declines By 36.7%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 19,131 shares, a decrease of 36.7% from the April 30th total of 30,201 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 21,853 shares, the short-interest ratio is currently 0.9 days.

JPMorgan High Yield Municipal ETF Stock Performance

NYSEARCA:JMHI opened at $50.11 on Thursday. JPMorgan High Yield Municipal ETF has a 1 year low of $48.74 and a 1 year high of $51.19. The stock’s fifty day moving average price is $49.97 and its two-hundred day moving average price is $50.31.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JMHI. Western Wealth Management LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the first quarter worth $26,000. Optima Capital LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $40,000. Stone House Investment Management LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $45,000. Global Retirement Partners LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $100,000. Finally, Ameriflex Group Inc. raised its position in shares of JPMorgan High Yield Municipal ETF by 127.0% in the third quarter. Ameriflex Group Inc. now owns 3,635 shares of the company’s stock worth $184,000 after buying an additional 2,034 shares in the last quarter.

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.