JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Shares Shorted: Short Interest Up 326.9% in September

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 26,574 shares, an increase of 326.9% from the September 15th total of 6,225 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 125,862 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan High Yield Municipal ETF Stock Performance

JMHI traded down $0.03 on Monday, reaching $46.83. 54,700 shares of the company traded hands, compared to its average volume of 43,288. The stock’s 50 day moving average price is $48.53 and its 200-day moving average price is $49.51. JPMorgan High Yield Municipal ETF has a 52-week low of $46.26 and a 52-week high of $51.19.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in JPMorgan High Yield Municipal ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 8,491 shares of the company’s stock valued at $399,000 after purchasing an additional 1,491 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in JPMorgan High Yield Municipal ETF by 25.7% in the second quarter. Envestnet Asset Management Inc. now owns 30,500 shares of the company’s stock valued at $1,544,000 after purchasing an additional 6,227 shares in the last quarter. NewEdge Advisors LLC increased its position in JPMorgan High Yield Municipal ETF by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 32,834 shares of the company’s stock worth $1,663,000 after purchasing an additional 2,793 shares during the last quarter. Citadel Advisors LLC increased its position in JPMorgan High Yield Municipal ETF by 8.5% in the 2nd quarter. Citadel Advisors LLC now owns 7,662 shares of the company’s stock worth $388,000 after purchasing an additional 598 shares during the last quarter. Finally, Financial Insights Inc. increased its position in JPMorgan High Yield Municipal ETF by 6.8% in the 2nd quarter. Financial Insights Inc. now owns 9,946 shares of the company’s stock worth $504,000 after purchasing an additional 637 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.