JPMorgan Municipal ETF (NYSEARCA:JMUB) Shares Shorted: Short Interest Up 541.2% in September

JPMorgan Municipal ETF (NYSEARCA:JMUB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 300,079 shares, a growth of 541.2% from the August 31st total of 46,800 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 2,207,600 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Municipal ETF Price Performance

Shares of NYSEARCA JMUB traded down $0.27 during midday trading on Friday, reaching $47.77. 4,455,622 shares of the company traded hands, compared to its average volume of 1,118,697. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The stock has a 50-day moving average price of $49.35 and a 200 day moving average price of $49.99. JPMorgan Municipal ETF has a 52 week low of $47.72 and a 52 week high of $51.34.

Institutional Trading of JPMorgan Municipal ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Grp LLC boosted its holdings in shares of JPMorgan Municipal ETF by 572.0% in 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 in the last quarter. SHP Wealth Management acquired a new stake in JPMorgan Municipal ETF in the fourth quarter worth approximately $47,000. Legacy Wealth Managment LLC ID lifted its position in JPMorgan Municipal ETF by 302.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,275 shares of the company’s stock worth $64,000 after purchasing an additional 958 shares during the period. Harbour Investments Inc. bought a new position in JPMorgan Municipal ETF during the 4th quarter valued at $73,000. Finally, Brown Lisle Cummings Inc. bought a new position in JPMorgan Municipal ETF during the 2nd quarter valued at $75,000.

JPMorgan Municipal ETF Company Profile

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.