JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Stock Short Interest Report for October

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

JPMorgan High Yield Municipal ETF Stock Performance

NYSEARCA JMHI traded down $0.11 during trading on Tuesday, reaching $48.63. The company’s stock had a trading volume of 51,058 shares, compared to its average volume of 46,760. JPMorgan High Yield Municipal ETF has a 12 month low of $46.26 and a 12 month high of $51.19. The firm has a 50 day moving average price of $47.86 and a 200 day moving average price of $49.56.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC bought a new position in JPMorgan High Yield Municipal ETF in the 3rd quarter valued at about $4,172,000. AdvisorNet Financial Inc acquired a new position in shares of JPMorgan High Yield Municipal ETF in the 3rd quarter valued at approximately $2,429,000. Royal Bank of Canada raised its position in shares of JPMorgan High Yield Municipal ETF by 439.2% in the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after buying an additional 47,072 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 201.4% during the 1st quarter. NewEdge Advisors LLC now owns 30,041 shares of the company’s stock worth $1,497,000 after acquiring an additional 20,075 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of JPMorgan High Yield Municipal ETF by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 438,873 shares of the company’s stock worth $21,869,000 after acquiring an additional 17,696 shares during the period.

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.