JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Update

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,566 shares, a decrease of 69.9% from the July 15th total of 15,166 shares. Based on an average daily volume of 48,779 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several large investors have recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter worth $64,000. Allworth Financial LP raised its position in shares of JPMorgan Sustainable Municipal Income ETF by 77.7% during the fourth quarter. Allworth Financial LP now owns 1,370 shares of the company’s stock valued at $69,000 after buying an additional 599 shares during the last quarter. GGM Financials LLC bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at about $75,000. Royal Bank of Canada lifted its stake in shares of 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 buying an additional 1,931 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at about $201,000.

JPMorgan Sustainable Municipal Income ETF Stock Performance

NYSEARCA JMSI traded down $0.14 during trading on Friday, hitting $49.60. The company’s stock had a trading volume of 19,881 shares, compared to its average volume of 30,810. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $48.98 and a 52 week high of $51.35. The firm has a 50 day moving average price of $49.94 and a 200 day moving average price of $50.18.

JPMorgan Sustainable Municipal Income ETF Company Profile

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.