Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Grows By 794.1%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 6,107 shares, a growth of 794.1% from the June 15th total of 683 shares. Based on an average daily volume of 17,008 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Asset Advisory Services LLC purchased a new position in JPMorgan High Yield Municipal ETF during the 1st quarter valued at $8,327,000. Stewardship Advisors LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at $4,138,000. Cetera Investment Advisers grew its holdings in shares of 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 worth $21,164,000 after purchasing an additional 76,158 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of 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 worth $2,880,000 after purchasing an additional 47,072 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan High Yield Municipal ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after buying an additional 35,110 shares during the period.

JPMorgan High Yield Municipal ETF Price Performance

Shares of NYSEARCA JMHI opened at $50.16 on Monday. 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 simple moving average of $50.16 and a two-hundred day simple moving average of $50.29.

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.