Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Decreases By 52.5%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,166 shares, a drop of 52.5% from the June 30th total of 31,904 shares. Based on an average trading volume of 23,698 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.1%

NYSEARCA:JMSI traded up $0.06 on Thursday, reaching $49.51. The company’s stock had a trading volume of 15,924 shares, compared to its average volume of 31,625. The business’s 50-day moving average price is $50.05 and its two-hundred day moving average price is $50.26. JPMorgan Sustainable Municipal Income ETF has a 1-year low of $48.90 and a 1-year high of $51.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Betterment LLC lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 17.3% in the 4th quarter. Betterment LLC now owns 1,595,871 shares of the company’s stock valued at $80,400,000 after purchasing an additional 235,384 shares during the period. EP Wealth Advisors LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF in the 4th quarter worth approximately $19,130,000. PNC Financial Services Group Inc. increased its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 228,612 shares of the company’s stock worth $11,373,000 after buying an additional 18,179 shares during the period. Seeds Investor LLC increased its stake in JPMorgan Sustainable Municipal Income ETF by 10.9% in the 4th quarter. Seeds Investor LLC now owns 149,036 shares of the company’s stock worth $7,508,000 after purchasing an additional 14,605 shares during the period. Finally, Ellevest Inc. raised its holdings in JPMorgan Sustainable Municipal Income ETF by 10.2% during the 4th quarter. Ellevest Inc. now owns 138,876 shares of the company’s stock valued at $6,997,000 after buying an additional 12,874 shares during the last quarter.

About JPMorgan Sustainable Municipal Income ETF

The JPMorgan Sustainable Municipal Income ETF (JMSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that primarily invests in sustainable municipal bonds exempt from federal income tax. The portfolio has an average weighted maturity of 3 to 15 years. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.