JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Large Decrease in Short Interest

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 19,131 shares, a decline of 36.7% from the April 30th total of 30,201 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 21,853 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of JPMorgan High Yield Municipal ETF

Several hedge funds have recently added to or reduced their stakes in JMHI. Western Wealth Management LLC acquired a new position in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at $26,000. Optima Capital LLC acquired a new stake in JPMorgan High Yield Municipal ETF in the fourth quarter worth about $40,000. Stone House Investment Management LLC bought a new position in JPMorgan High Yield Municipal ETF in the 4th quarter valued at about $45,000. Global Retirement Partners LLC bought a new position in JPMorgan High Yield Municipal ETF in the 4th quarter valued at about $100,000. Finally, Ameriflex Group Inc. increased its stake in JPMorgan High Yield Municipal ETF by 127.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,635 shares of the company’s stock valued at $184,000 after buying an additional 2,034 shares during the period.

JPMorgan High Yield Municipal ETF Trading Up 0.0%

Shares of NYSEARCA JMHI opened at $50.11 on Wednesday. JPMorgan High Yield Municipal ETF has a 12-month low of $48.74 and a 12-month high of $51.19. The stock has a 50 day simple moving average of $49.96 and a 200-day simple moving average of $50.32.

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.