Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Decreases By 83.2%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 3,212 shares, a drop of 83.2% from the May 14th total of 19,131 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,568 shares, the days-to-cover ratio is currently 0.2 days.

JPMorgan High Yield Municipal ETF Stock Down 0.0%

JPMorgan High Yield Municipal ETF stock traded down $0.02 during midday trading on Friday, hitting $50.15. 23,645 shares of the stock were exchanged, compared to its average volume of 28,166. The company has a fifty day simple moving average of $50.04 and a two-hundred day simple moving average of $50.30. JPMorgan High Yield Municipal ETF has a 52 week low of $48.74 and a 52 week high of $51.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JMHI. Cetera Investment Advisers grew its holdings in shares of JPMorgan High Yield Municipal ETF by 4.2% during the first quarter. Cetera Investment Advisers now owns 438,873 shares of the company’s stock worth $21,869,000 after buying an additional 17,696 shares in the last quarter. JPMorgan Chase & Co. boosted its position in JPMorgan High Yield Municipal ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after acquiring an additional 35,110 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of JPMorgan High Yield Municipal ETF during the 1st quarter worth approximately $8,327,000. LPL Financial LLC grew its stake in shares of JPMorgan High Yield Municipal ETF by 19.1% during the 4th quarter. LPL Financial LLC now owns 145,969 shares of the company’s stock worth $7,335,000 after acquiring an additional 23,443 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its holdings in shares of JPMorgan High Yield Municipal ETF by 3.3% in the fourth quarter. Prentice Wealth Management LLC now owns 126,361 shares of the company’s stock valued at $6,350,000 after purchasing an additional 4,078 shares during the last quarter.

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.