JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 83.2% in May

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 3,212 shares, a decrease of 83.2% from the May 14th total of 19,131 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,568 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan High Yield Municipal ETF Stock Down 0.0%

Shares of JMHI traded down $0.02 during trading hours on Friday, reaching $50.15. The stock had a trading volume of 23,645 shares, compared to its average volume of 28,166. JPMorgan High Yield Municipal ETF has a 12 month low of $48.74 and a 12 month high of $51.19. The company’s 50-day moving average is $50.04 and its two-hundred day moving average is $50.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Capital Asset Advisory Services LLC acquired a new position in JPMorgan High Yield Municipal ETF during the 1st quarter valued at about $8,327,000. Stewardship Advisors LLC purchased a new stake in shares of JPMorgan High Yield Municipal ETF in the first quarter worth approximately $4,138,000. Cetera Investment Advisers lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 22.1% in the fourth quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock valued at $21,164,000 after purchasing an additional 76,158 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 439.2% in the first 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock valued at $8,757,000 after purchasing an additional 35,110 shares in 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.