Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Declines By 78.7%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 683 shares, a decline of 78.7% from the May 31st total of 3,212 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 29,683 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital Asset Advisory Services LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 1st quarter valued at about $8,327,000. Stewardship Advisors LLC acquired a new position in shares of JPMorgan High Yield Municipal ETF during the 1st quarter worth approximately $4,138,000. Cetera Investment Advisers grew its position in shares of JPMorgan High Yield Municipal ETF by 22.1% in the fourth quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock valued at $21,164,000 after purchasing an additional 76,158 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of JPMorgan High Yield Municipal ETF by 439.2% in the first quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after purchasing an additional 47,072 shares during the last quarter. Finally, JPMorgan Chase & Co. increased 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 valued at $8,757,000 after purchasing an additional 35,110 shares during the last quarter.

JPMorgan High Yield Municipal ETF Stock Up 0.1%

Shares of JMHI traded up $0.07 during trading hours on Friday, hitting $50.52. 6,214 shares of the stock were exchanged, compared to its average volume of 27,347. The stock’s 50-day moving average price is $50.13 and its two-hundred day moving average price is $50.28. JPMorgan High Yield Municipal ETF has a 12-month low of $48.74 and a 12-month high of $51.19.

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.