Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Grows By 1,365.4%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 30,201 shares, an increase of 1,365.4% from the April 15th total of 2,061 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 32,897 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of JPMorgan High Yield Municipal ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of JPMorgan High Yield Municipal ETF by 22.1% in the fourth quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock worth $21,164,000 after buying an additional 76,158 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 worth $8,757,000 after buying an additional 35,110 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of JPMorgan High Yield Municipal ETF in the first quarter worth about $8,327,000. LPL Financial LLC lifted its position in shares of JPMorgan High Yield Municipal ETF by 19.1% in the fourth quarter. LPL Financial LLC now owns 145,969 shares of the company’s stock worth $7,335,000 after buying an additional 23,443 shares during the last quarter. Finally, Prentice Wealth Management LLC lifted its position in shares of JPMorgan High Yield Municipal ETF by 3.3% in the fourth quarter. Prentice Wealth Management LLC now owns 126,361 shares of the company’s stock worth $6,350,000 after buying an additional 4,078 shares during the last quarter.

JPMorgan High Yield Municipal ETF Price Performance

JMHI traded up $0.06 during trading on Monday, reaching $50.15. 19,494 shares of the stock traded hands, compared to its average volume of 29,035. JPMorgan High Yield Municipal ETF has a fifty-two week low of $48.74 and a fifty-two week high of $51.19. The stock’s 50-day simple moving average is $50.11 and its two-hundred day simple moving average is $50.39.

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.