Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Expands By 794.1%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,107 shares, a growth of 794.1% from the June 15th total of 683 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,008 shares, the short-interest ratio is currently 0.4 days.

JPMorgan High Yield Municipal ETF Stock Up 0.2%

Shares of JMHI traded up $0.08 during trading hours on Friday, hitting $50.16. 12,047 shares of the stock were exchanged, compared to its average volume of 26,847. The stock’s 50-day moving average price is $50.16 and its two-hundred day moving average price is $50.29. JPMorgan High Yield Municipal ETF has a 12-month low of $48.74 and a 12-month high of $51.19.

Institutional Trading of JPMorgan High Yield Municipal ETF

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