JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 78.7% in June

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a large 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. Based on an average daily volume of 29,683 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of JPMorgan High Yield Municipal ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Asset Advisory Services LLC acquired a new position in JPMorgan High Yield Municipal ETF during the 1st quarter worth $8,327,000. Stewardship Advisors LLC acquired a new position in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at $4,138,000. Cetera Investment Advisers boosted its holdings in 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 acquiring an additional 76,158 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 acquiring an additional 47,072 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in 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 worth $8,757,000 after purchasing an additional 35,110 shares during the period.

JPMorgan High Yield Municipal ETF Stock Up 0.1%

NYSEARCA JMHI traded up $0.07 on Friday, hitting $50.52. 6,214 shares of the company were exchanged, compared to its average volume of 27,347. JPMorgan High Yield Municipal ETF has a 1-year low of $48.74 and a 1-year high of $51.19. The firm has a 50 day moving average of $50.13 and a two-hundred day moving average of $50.28.

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.