Short Interest in JPMorgan Municipal ETF (NYSEARCA:JMUB) Drops By 88.8%

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

JPMorgan Municipal ETF Price Performance

Shares of JPMorgan Municipal ETF stock traded down $0.33 on Thursday, reaching $48.46. The company had a trading volume of 1,883,905 shares, compared to its average volume of 1,031,871. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The firm’s 50-day moving average price is $49.78 and its two-hundred day moving average price is $50.19. JPMorgan Municipal ETF has a 1 year low of $48.41 and a 1 year high of $51.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Grp LLC increased its position in JPMorgan Municipal ETF by 572.0% during the first quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of JPMorgan Municipal ETF during the 4th quarter worth about $34,000. Franklin Resources Inc. bought a new position in JPMorgan Municipal ETF during the 3rd quarter valued at about $41,000. SHP Wealth Management bought a new position in JPMorgan Municipal ETF during the 4th quarter valued at about $47,000. Finally, Lavaca Capital LLC purchased a new stake in JPMorgan Municipal ETF in the 4th quarter worth about $48,000.

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.