JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Sees Significant Growth in Short Interest

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

JPMorgan High Yield Municipal ETF Price Performance

Shares of NYSEARCA:JMHI traded up $0.05 during midday trading on Tuesday, reaching $49.64. The company’s stock had a trading volume of 47,821 shares, compared to its average volume of 30,101. The business has a 50 day moving average price of $49.95 and a 200 day moving average price of $50.12. JPMorgan High Yield Municipal ETF has a 1 year low of $49.05 and a 1 year high of $51.19.

Institutional Trading of JPMorgan High Yield Municipal ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC purchased a new position in JPMorgan High Yield Municipal ETF during the first quarter worth approximately $8,327,000. Stewardship Advisors LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF during the 1st quarter valued at $4,138,000. Cetera Investment Advisers grew its stake in shares of JPMorgan High Yield Municipal ETF by 22.1% during the 4th quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock valued at $21,164,000 after buying an additional 76,158 shares during the period. Royal Bank of Canada increased its holdings 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 worth $2,880,000 after buying an additional 47,072 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan High Yield Municipal ETF by 25.4% during 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 last quarter.

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.