JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 48.9% in July

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,479 shares, a decline of 48.9% from the July 15th total of 2,896 shares. Based on an average daily trading volume, of 64,073 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

JPMorgan High Yield Municipal ETF Stock Performance

Shares of JPMorgan High Yield Municipal ETF stock remained flat at $49.65 during trading hours on Monday. 30,145 shares of the company’s stock were exchanged, compared to its average volume of 29,368. The company’s fifty day simple moving average is $50.02 and its 200 day simple moving average is $50.16. JPMorgan High Yield Municipal ETF has a 1-year low of $49.01 and a 1-year high of $51.19.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

A number of large investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in shares of JPMorgan High Yield Municipal ETF during the first quarter valued at approximately $26,000. GGM Financials LLC boosted its stake in shares of JPMorgan High Yield Municipal ETF by 2.4% in the fourth quarter. GGM Financials LLC now owns 53,130 shares of the company’s stock worth $2,670,000 after acquiring an additional 1,229 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of JPMorgan High Yield Municipal ETF by 22.5% in the third quarter. Citadel Advisors LLC now owns 7,074 shares of the company’s stock worth $357,000 after acquiring an additional 1,299 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of JPMorgan High Yield Municipal ETF by 17.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,182 shares of the company’s stock worth $461,000 after purchasing an additional 1,347 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of JPMorgan High Yield Municipal ETF by 37.1% during the first quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock worth $342,000 after purchasing an additional 1,832 shares in 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.