Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Declines By 78.7%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 683 shares, a decrease of 78.7% from the May 31st total of 3,212 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 29,683 shares, the days-to-cover ratio is currently 0.0 days.

JPMorgan High Yield Municipal ETF Stock Up 0.1%

Shares of JMHI traded up $0.07 during midday trading on Friday, reaching $50.52. The company had a trading volume of 6,214 shares, 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 simple moving average of $50.13 and a 200-day simple moving average of $50.28.

Institutional Trading of JPMorgan High Yield Municipal ETF

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of JPMorgan High Yield Municipal ETF by 37.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock worth $342,000 after buying an additional 1,832 shares during the last quarter. Jane Street Group LLC lifted its holdings in JPMorgan High Yield Municipal ETF by 28.5% in the first quarter. Jane Street Group LLC now owns 51,462 shares of the company’s stock valued at $2,599,000 after acquiring an additional 11,409 shares during the last quarter. Raymond James Financial Inc. grew its position in JPMorgan High Yield Municipal ETF by 78.5% in the second quarter. Raymond James Financial Inc. now owns 42,065 shares of the company’s stock worth $2,094,000 after acquiring an additional 18,497 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in JPMorgan High Yield Municipal ETF in the second quarter worth approximately $440,000. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan High Yield Municipal ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after acquiring an additional 35,110 shares during the last quarter.

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.