JPMorgan Municipal ETF (NYSEARCA:JMUB) Short Interest Update

JPMorgan Municipal ETF (NYSEARCA:JMUB) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 46,800 shares, a drop of 88.8% from the August 15th total of 417,485 shares. Based on an average trading volume of 926,052 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On JPMorgan Municipal ETF

Institutional investors have recently added to or reduced their stakes in the company. Wellington Grp LLC lifted its position in shares of JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock worth $31,000 after buying an additional 532 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of JPMorgan Municipal ETF in the fourth quarter valued at approximately $34,000. Franklin Resources Inc. bought a new position in shares of JPMorgan Municipal ETF in the third quarter valued at approximately $41,000. SHP Wealth Management purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $47,000. Finally, Lavaca Capital LLC purchased a new stake in shares of JPMorgan Municipal ETF during the fourth quarter valued at approximately $48,000.

JPMorgan Municipal ETF Stock Performance

JMUB traded up $0.23 during mid-day trading on Friday, reaching $48.69. 2,346,712 shares of the stock were exchanged, compared to its average volume of 1,039,427. JPMorgan Municipal ETF has a 1 year low of $48.41 and a 1 year high of $51.34. The stock has a market capitalization of $8.26 billion, a PE ratio of 9.96 and a beta of 0.23. The company has a 50 day moving average price of $49.75 and a two-hundred day moving average price of $50.18.

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.