Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Rises By 1,365.4%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHIGet Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 30,201 shares, an increase of 1,365.4% from the April 15th total of 2,061 shares. Based on an average daily volume of 32,897 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of JPMorgan High Yield Municipal ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Optima Capital LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $40,000. Stone House Investment Management LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $45,000. Global Retirement Partners LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $100,000. Ameriflex Group Inc. boosted its position in shares of JPMorgan High Yield Municipal ETF by 127.0% in the third quarter. Ameriflex Group Inc. now owns 3,635 shares of the company’s stock worth $184,000 after buying an additional 2,034 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the fourth quarter worth $220,000.

JPMorgan High Yield Municipal ETF Stock Up 0.1%

Shares of JMHI stock traded up $0.06 during mid-day trading on Monday, hitting $50.15. 19,494 shares of the stock traded hands, compared to its average volume of 29,035. The company’s 50-day simple moving average is $50.11 and its 200-day simple moving average is $50.39. JPMorgan High Yield Municipal ETF has a twelve month low of $48.74 and a twelve month high of $51.19.

About JPMorgan High Yield Municipal ETF

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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.

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