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 June. As of June 15th, there was short interest totaling 683 shares, a decrease of 78.7% from the May 31st total of 3,212 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 29,683 shares, the short-interest ratio is currently 0.0 days.

JPMorgan High Yield Municipal ETF Price Performance

Shares of JPMorgan High Yield Municipal ETF stock traded up $0.12 during trading hours on Monday, reaching $50.64. The company had a trading volume of 20,677 shares, compared to its average volume of 27,269. JPMorgan High Yield Municipal ETF has a one year low of $48.74 and a one year high of $51.19. The business has a fifty day simple moving average of $50.13 and a 200 day simple moving average of $50.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Capital Asset Advisory Services LLC bought a new stake in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at about $8,327,000. Stewardship Advisors LLC purchased a new position in JPMorgan High Yield Municipal ETF during the first quarter valued at approximately $4,138,000. Cetera Investment Advisers increased its holdings in JPMorgan High Yield Municipal ETF by 22.1% during the 4th quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock worth $21,164,000 after acquiring an additional 76,158 shares during the period. Royal Bank of Canada increased its holdings in JPMorgan High Yield Municipal ETF by 439.2% during the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock worth $2,880,000 after acquiring an additional 47,072 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in JPMorgan High Yield Municipal ETF by 25.4% in the 3rd 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 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.