JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Stock Short Interest Drops 72.3%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,225 shares, a decrease of 72.3% from the August 31st total of 22,449 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 85,106 shares, the short-interest ratio is presently 0.1 days.

JPMorgan High Yield Municipal ETF Stock Down 1.4%

JMHI stock traded down $0.66 on Monday, reaching $46.76. 129,955 shares of the company traded hands, compared to its average volume of 36,633. JPMorgan High Yield Municipal ETF has a one year low of $46.56 and a one year high of $51.19. The firm has a fifty day simple moving average of $49.11 and a 200-day simple moving average of $49.75.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in shares of JPMorgan High Yield Municipal ETF in the 1st quarter worth about $26,000. Global Retirement Partners LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 4th quarter valued at about $100,000. Cary Street Partners Financial LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 4th quarter valued at about $299,000. Citadel Advisors LLC increased its stake in JPMorgan High Yield Municipal ETF by 8.5% during the 2nd quarter. Citadel Advisors LLC now owns 7,662 shares of the company’s stock valued at $388,000 after purchasing an additional 598 shares in the last quarter. Finally, Financial Insights Inc. increased its stake 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 valued at $504,000 after purchasing an additional 637 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.