JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Stock Short Interest Declines 94.2%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,763 shares, a drop of 94.2% from the October 15th total of 30,173 shares. Based on an average daily volume of 68,745 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in shares of JPMorgan High Yield Municipal ETF in the third quarter worth about $390,000. Global Retirement Partners LLC grew its holdings in shares of JPMorgan High Yield Municipal ETF by 17.2% during the 3rd quarter. Global Retirement Partners LLC now owns 2,395 shares of the company’s stock valued at $112,000 after purchasing an additional 351 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of JPMorgan High Yield Municipal ETF by 3.6% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 6,913 shares of the company’s stock valued at $324,000 after purchasing an additional 238 shares during the last quarter. Verus Capital Partners LLC acquired a new position in JPMorgan High Yield Municipal ETF during the 3rd quarter worth approximately $563,000. Finally, Commonwealth Equity Services LLC acquired a new position in JPMorgan High Yield Municipal ETF during the 3rd quarter worth approximately $4,172,000.

JPMorgan High Yield Municipal ETF Price Performance

Shares of JPMorgan High Yield Municipal ETF stock traded down $0.61 during trading on Thursday, reaching $48.13. 62,394 shares of the company’s stock were exchanged, compared to its average volume of 46,773. JPMorgan High Yield Municipal ETF has a 1-year low of $46.26 and a 1-year high of $51.19. The firm’s 50-day moving average price is $47.82 and its 200 day moving average price is $49.53.

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.