JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Sees Significant Growth in Short Interest

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 13,128 shares, a growth of 187.5% from the July 30th total of 4,566 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 19,938 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter valued at about $64,000. Allworth Financial LP increased its position in shares of JPMorgan Sustainable Municipal Income ETF by 77.7% in the fourth quarter. Allworth Financial LP now owns 1,370 shares of the company’s stock worth $69,000 after purchasing an additional 599 shares during the last quarter. GGM Financials LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter worth approximately $75,000. Royal Bank of Canada raised its stake in JPMorgan Sustainable Municipal Income ETF by 405.7% in the first quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock valued at $120,000 after purchasing an additional 1,931 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at approximately $201,000.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.0%

Shares of JPMorgan Sustainable Municipal Income ETF stock traded down $0.01 during trading on Thursday, hitting $49.42. The stock had a trading volume of 14,965 shares, compared to its average volume of 31,247. JPMorgan Sustainable Municipal Income ETF has a 12 month low of $49.05 and a 12 month high of $51.35. The business’s 50-day moving average is $49.83 and its 200 day moving average is $50.11.

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.