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. Based on an average trading volume of 17,008 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

JPMorgan High Yield Municipal ETF Trading Up 0.2%

JPMorgan High Yield Municipal ETF stock traded up $0.08 during mid-day trading on Friday, hitting $50.16. The company’s stock had a trading volume of 12,047 shares, compared to its average volume of 26,847. JPMorgan High Yield Municipal ETF has a 1 year low of $48.74 and a 1 year high of $51.19. The stock’s fifty day moving average is $50.16 and its two-hundred day moving average is $50.29.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in 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 buying an additional 35,110 shares during the last quarter. Boyum Wealth Architects LLC raised its stake in shares of JPMorgan High Yield Municipal ETF by 36.8% in the 4th quarter. Boyum Wealth Architects LLC now owns 54,185 shares of the company’s stock valued at $2,731,000 after acquiring an additional 14,581 shares during the period. Elequin Capital LP acquired a new position in shares of JPMorgan High Yield Municipal ETF in the 3rd quarter worth approximately $725,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan High Yield Municipal ETF by 20.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 109,587 shares of the company’s stock worth $5,507,000 after purchasing an additional 18,686 shares during the period. Finally, Walkner Condon Financial Advisors LLC increased its holdings in JPMorgan High Yield Municipal ETF by 164.4% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 23,367 shares of the company’s stock valued at $1,164,000 after purchasing an additional 14,530 shares during 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.