JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI – Get Free Report) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 1,763 shares, a decline of 94.2% from the October 15th total of 30,173 shares. Based on an average daily volume of 68,745 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
JPMorgan High Yield Municipal ETF Stock Down 0.2%
NYSEARCA JMHI traded down $0.11 on Tuesday, hitting $48.63. 51,058 shares of the company’s stock were exchanged, compared to its average volume of 46,760. The stock has a 50-day moving average of $47.86 and a 200-day moving average of $49.56. JPMorgan High Yield Municipal ETF has a 52 week low of $46.26 and a 52 week high of $51.19.
Hedge Funds Weigh In On JPMorgan High Yield Municipal ETF
Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its position in shares of 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. Stewardship Advisors LLC boosted its stake in JPMorgan High Yield Municipal ETF by 2.3% in the third quarter. Stewardship Advisors LLC now owns 94,097 shares of the company’s stock valued at $4,417,000 after buying an additional 2,075 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in JPMorgan High Yield Municipal ETF in the third quarter valued at about $4,172,000. Royal Bank of Canada grew its position in JPMorgan High Yield Municipal ETF by 439.2% in the first quarter. Royal Bank of Canada now owns 57,790 shares of the company’s stock valued at $2,880,000 after acquiring an additional 47,072 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in JPMorgan High Yield Municipal ETF in the third quarter valued at about $2,429,000.
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.
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