Short Interest in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Declines By 83.2%

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 3,212 shares, a drop of 83.2% from the May 14th total of 19,131 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 17,568 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

A number of institutional investors and hedge funds have recently modified their holdings of JMHI. NewEdge Advisors LLC lifted its position in shares of JPMorgan High Yield Municipal ETF by 37.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,775 shares of the company’s stock valued at $342,000 after acquiring an additional 1,832 shares during the last quarter. Jane Street Group LLC lifted its position in shares of JPMorgan High Yield Municipal ETF by 28.5% during the 1st quarter. Jane Street Group LLC now owns 51,462 shares of the company’s stock valued at $2,599,000 after acquiring an additional 11,409 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of JPMorgan High Yield Municipal ETF by 78.5% during the 2nd quarter. Raymond James Financial Inc. now owns 42,065 shares of the company’s stock valued at $2,094,000 after acquiring an additional 18,497 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the 2nd quarter valued at $440,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of JPMorgan High Yield Municipal ETF during the 3rd quarter valued at $485,000.

JPMorgan High Yield Municipal ETF Stock Performance

NYSEARCA JMHI traded down $0.06 on Wednesday, reaching $50.10. 21,830 shares of the stock traded hands, compared to its average volume of 28,330. The firm’s fifty day simple moving average is $50.02 and its 200 day simple moving average is $50.30. JPMorgan High Yield Municipal ETF has a 12 month low of $48.74 and a 12 month 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.