JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) Short Interest Update

by · The Markets Daily

JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,043 shares, a growth of 1,052.3% from the July 30th total of 1,479 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 24,297 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF

Several institutional investors and hedge funds have recently modified their holdings of JMHI. Concurrent Investment Advisors LLC increased its holdings in JPMorgan High Yield Municipal ETF by 2.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,584 shares of the company’s stock worth $890,000 after buying an additional 373 shares in the last quarter. Western Wealth Management LLC bought a new position in JPMorgan High Yield Municipal ETF during the 1st quarter valued at about $26,000. Financial Insights Inc. lifted its stake in JPMorgan High Yield Municipal ETF by 6.8% during the 2nd quarter. Financial Insights Inc. now owns 9,946 shares of the company’s stock valued at $504,000 after acquiring an additional 637 shares during the period. GGM Financials LLC boosted its holdings in shares of JPMorgan High Yield Municipal ETF by 2.4% during the 4th quarter. GGM Financials LLC now owns 53,130 shares of the company’s stock valued at $2,670,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of JPMorgan High Yield Municipal ETF by 22.5% during the 3rd quarter. Citadel Advisors LLC now owns 7,074 shares of the company’s stock valued at $357,000 after acquiring an additional 1,299 shares during the last quarter.

JPMorgan High Yield Municipal ETF Stock Down 0.1%

JMHI stock traded down $0.04 on Wednesday, reaching $49.55. 774 shares of the company traded hands, compared to its average volume of 30,101. The firm has a fifty day simple moving average of $49.95 and a 200-day simple moving average of $50.12. JPMorgan High Yield Municipal ETF has a one year low of $49.05 and a one year high of $51.19.

JPMorgan High Yield Municipal ETF Company Profile

(Get Free Report)

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.

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