JPMorgan Municipal ETF (NYSEARCA:JMUB – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 46,800 shares, a drop of 88.8% from the August 15th total of 417,485 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 926,052 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of JPMorgan Municipal ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its position in JPMorgan Municipal ETF by 12.1% during the 1st quarter. Royal Bank of Canada now owns 100,198 shares of the company’s stock worth $5,010,000 after acquiring an additional 10,823 shares during the last quarter. AQR Capital Management LLC grew its position in shares of JPMorgan Municipal ETF by 37.4% in the first quarter. AQR Capital Management LLC now owns 10,756 shares of the company’s stock valued at $538,000 after purchasing an additional 2,927 shares during the last quarter. Cerity Partners LLC bought a new position in shares of JPMorgan Municipal ETF in the second quarter worth about $1,950,000. Peapack Gladstone Financial Corp lifted its position in shares of JPMorgan Municipal ETF by 317.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 79,084 shares of the company’s stock worth $3,926,000 after purchasing an additional 60,157 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of JPMorgan Municipal ETF during the 2nd quarter worth about $2,233,000.
JPMorgan Municipal ETF Price Performance
NYSEARCA:JMUB traded up $0.20 during trading hours on Friday, reaching $48.66. The company’s stock had a trading volume of 1,285,357 shares, compared to its average volume of 1,032,955. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 9.96 and a beta of 0.23. The business’s 50-day moving average is $49.78 and its 200-day moving average is $50.19. JPMorgan Municipal ETF has a one year low of $48.41 and a one year high of $51.34.
About JPMorgan Municipal ETF
The JPMorgan Municipal ETF (JMUB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds an actively managed portfolio of various US municipal securities. JMUB was launched on Oct 29, 2018 and is managed by JPMorgan Chase.
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