JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Down 36.7% in May

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 19,131 shares, a drop of 36.7% from the April 30th total of 30,201 shares. Based on an average daily trading volume, of 21,853 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On JPMorgan High Yield Municipal ETF

Institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of JPMorgan High Yield Municipal ETF during the first quarter worth about $26,000. NewEdge Advisors LLC raised its stake in JPMorgan High Yield Municipal ETF by 60.1% during the first quarter. NewEdge Advisors LLC now owns 15,951 shares of the company’s stock valued at $795,000 after buying an additional 5,985 shares in the last quarter. Royal Bank of Canada lifted its holdings in JPMorgan High Yield Municipal ETF by 439.2% during the 1st quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock worth $2,880,000 after buying an additional 47,072 shares during the last quarter. Cetera Investment Advisers lifted its holdings in 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 buying an additional 17,696 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of JPMorgan High Yield Municipal ETF by 96.6% in the 1st quarter. Sanctuary Advisors LLC now owns 11,193 shares of the company’s stock worth $558,000 after acquiring an additional 5,500 shares in the last quarter.

JPMorgan High Yield Municipal ETF Stock Up 0.0%

JMHI opened at $50.11 on Wednesday. The firm’s fifty day moving average price is $49.96 and its 200 day moving average price is $50.32. 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.