JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Update

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 17,043 shares, an increase of 1,052.3% from the July 30th total of 1,479 shares. Based on an average daily trading volume, of 24,297 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

A number of large investors have recently made changes to their positions in JMHI. Western Wealth Management LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the first quarter worth about $26,000. Global Retirement Partners LLC purchased a new position in JPMorgan High Yield Municipal ETF in the fourth quarter valued at about $100,000. Strategic Financial Concepts LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the 4th quarter valued at approximately $220,000. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the 4th quarter valued at approximately $286,000. Finally, Laurel Oak Wealth Management LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF during the 4th quarter worth approximately $287,000.

JPMorgan High Yield Municipal ETF Trading Up 0.2%

NYSEARCA:JMHI traded up $0.08 during trading hours on Thursday, hitting $49.62. The company’s stock had a trading volume of 1,056 shares, compared to its average volume of 29,840. The business’s 50-day moving average is $49.94 and its two-hundred day moving average is $50.11. JPMorgan High Yield Municipal ETF has a 52-week low of $49.05 and a 52-week high of $51.19.

About JPMorgan High Yield Municipal ETF

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.