JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Large Decrease in Short Interest

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 2,896 shares, a decline of 52.6% from the June 30th total of 6,107 shares. Based on an average daily trading volume, of 19,716 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

Several hedge funds have recently modified their holdings of JMHI. NewEdge Advisors LLC boosted its position in shares of JPMorgan High Yield Municipal ETF by 37.1% in the 1st quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock valued at $342,000 after purchasing an additional 1,832 shares during the period. Jane Street Group LLC lifted its stake in JPMorgan High Yield Municipal ETF by 28.5% during the first quarter. Jane Street Group LLC now owns 51,462 shares of the company’s stock valued at $2,599,000 after buying an additional 11,409 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan High Yield Municipal ETF by 78.5% in the second quarter. Raymond James Financial Inc. now owns 42,065 shares of the company’s stock worth $2,094,000 after buying an additional 18,497 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of JPMorgan High Yield Municipal ETF in the second quarter worth about $440,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $8,757,000 after buying an additional 35,110 shares during the period.

JPMorgan High Yield Municipal ETF Trading Up 0.3%

JMHI stock traded up $0.15 during trading hours on Tuesday, hitting $49.82. 63,562 shares of the stock traded hands, compared to its average volume of 30,009. JPMorgan High Yield Municipal ETF has a one year low of $49.01 and a one year high of $51.19. The stock has a 50-day simple moving average of $50.14 and a 200 day simple moving average of $50.25.

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.