JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 46,800 shares, a decline of 88.8% from the August 15th total of 417,485 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 926,052 shares, the days-to-cover ratio is presently 0.1 days.
JPMorgan Municipal ETF Trading Down 0.7%
NYSEARCA:JMUB traded down $0.33 on Thursday, reaching $48.46. 1,883,905 shares of the stock traded hands, compared to its average volume of 1,031,871. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. JPMorgan Municipal ETF has a 12 month low of $48.41 and a 12 month high of $51.34. The company’s fifty day simple moving average is $49.78 and its 200 day simple moving average is $50.19.
Institutional Trading of JPMorgan Municipal ETF
Institutional investors have recently added to or reduced their stakes in the business. Wellington Grp LLC lifted its holdings in shares of JPMorgan Municipal ETF by 572.0% during the 1st quarter. Wellington Grp LLC now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of JPMorgan Municipal ETF in the fourth quarter worth about $34,000. Franklin Resources Inc. purchased a new stake in JPMorgan Municipal ETF during the third quarter valued at $41,000. SHP Wealth Management purchased a new position in shares of JPMorgan Municipal ETF in the 4th quarter worth $47,000. Finally, Lavaca Capital LLC purchased a new stake in shares of JPMorgan Municipal ETF during the 4th quarter valued at 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.
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