JPMorgan Municipal ETF (NYSEARCA:JMUB) Stock Short Interest Jumps 541.2%

JPMorgan Municipal ETF (NYSEARCA:JMUB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 300,079 shares, a growth of 541.2% from the August 31st total of 46,800 shares. Based on an average trading volume of 2,207,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan Municipal ETF Trading Down 0.6%

JPMorgan Municipal ETF stock opened at $47.77 on Friday. The firm has a market cap of $8.28 billion, a PE ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 12 month low of $47.72 and a 12 month high of $51.34. The stock’s 50 day simple moving average is $49.35 and its two-hundred day simple moving average is $49.99.

Institutional Trading of JPMorgan Municipal ETF

A number of hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in JPMorgan Municipal ETF in the second quarter valued at $730,906,000. JPMorgan Chase & Co. grew its position in shares of JPMorgan Municipal ETF by 1,656.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,592,101 shares of the company’s stock valued at $686,401,000 after acquiring an additional 12,818,224 shares during the period. LPL Financial LLC grew its position in shares of JPMorgan Municipal ETF by 44.5% during the 4th quarter. LPL Financial LLC now owns 5,531,924 shares of the company’s stock valued at $279,362,000 after acquiring an additional 1,702,513 shares during the period. Meeder Advisory Services Inc. grew its position in shares of JPMorgan Municipal ETF by 32.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 4,262,379 shares of the company’s stock valued at $213,076,000 after acquiring an additional 1,044,894 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of JPMorgan Municipal ETF by 29.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,159,706 shares of the company’s stock valued at $210,065,000 after purchasing an additional 950,852 shares in the last quarter.

About JPMorgan Municipal ETF

The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.