JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Update

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,043 shares, a growth of 1,052.3% from the July 30th total of 1,479 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 24,297 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the first quarter worth $26,000. Global Retirement Partners LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 4th quarter worth $100,000. Strategic Financial Concepts LLC purchased a new stake in JPMorgan High Yield Municipal ETF during the 4th quarter worth $220,000. Sanctuary Advisors LLC acquired a new stake in JPMorgan High Yield Municipal ETF in the 4th quarter valued at $286,000. Finally, Laurel Oak Wealth Management LLC purchased a new position in JPMorgan High Yield Municipal ETF in the fourth quarter valued at about $287,000.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of JPMorgan High Yield Municipal ETF stock traded up $0.05 during trading hours on Tuesday, reaching $49.64. The stock had a trading volume of 47,821 shares, compared to its average volume of 30,101. The firm has a 50 day simple moving average of $49.95 and a two-hundred day simple moving average of $50.12. JPMorgan High Yield Municipal ETF has a 1 year low of $49.05 and a 1 year high of $51.19.

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.