JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Up 707.8% in May

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 16,656 shares, a growth of 707.8% from the April 30th total of 2,062 shares. Based on an average daily trading volume, of 36,303 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.1%

NYSEARCA JMSI opened at $50.04 on Thursday. The firm’s 50-day moving average is $50.01 and its two-hundred day moving average is $50.39. JPMorgan Sustainable Municipal Income ETF has a 12 month low of $48.79 and a 12 month high of $51.35.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC purchased a new stake in JPMorgan Sustainable Municipal Income ETF during the fourth quarter worth about $532,000. Elequin Capital LP purchased a new stake in JPMorgan Sustainable Municipal Income ETF during the third quarter worth about $981,000. Betterment LLC increased its stake in JPMorgan Sustainable Municipal Income ETF by 19.9% during the third quarter. Betterment LLC now owns 1,360,487 shares of the company’s stock worth $68,324,000 after purchasing an additional 225,859 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in JPMorgan Sustainable Municipal Income ETF by 123.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 36,878 shares of the company’s stock worth $1,849,000 after purchasing an additional 20,383 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in JPMorgan Sustainable Municipal Income ETF by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 901,902 shares of the company’s stock worth $45,294,000 after purchasing an additional 259,287 shares during the period.

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.