JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 52.6% in July

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,896 shares, a drop of 52.6% from the June 30th total of 6,107 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,716 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of large investors have recently added to or reduced their stakes in JMHI. NewEdge Advisors LLC lifted its stake in JPMorgan High Yield Municipal ETF by 201.4% during the first quarter. NewEdge Advisors LLC now owns 30,041 shares of the company’s stock worth $1,497,000 after purchasing an additional 20,075 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of JPMorgan High Yield Municipal ETF during the 1st quarter valued at about $26,000. Royal Bank of Canada increased its position in shares of JPMorgan High Yield Municipal ETF by 439.2% during the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after purchasing an additional 47,072 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan High Yield Municipal ETF by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 438,873 shares of the company’s stock valued at $21,869,000 after buying an additional 17,696 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of JPMorgan High Yield Municipal ETF by 96.6% during the 1st quarter. Sanctuary Advisors LLC now owns 11,193 shares of the company’s stock valued at $558,000 after buying an additional 5,500 shares in the last quarter.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of NYSEARCA JMHI traded down $0.22 during mid-day trading on Wednesday, reaching $49.60. 16,716 shares of the company were exchanged, compared to its average volume of 29,915. JPMorgan High Yield Municipal ETF has a 52 week low of $49.01 and a 52 week high of $51.19. The company’s 50 day moving average price is $50.14 and its 200 day moving average price is $50.24.

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.