JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Down 58.7% in February

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,914 shares, a decrease of 58.7% from the January 29th total of 24,009 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 24,624 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 24,624 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of JMSI. Rossby Financial LCC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF during the third quarter valued at about $31,000. Allworth Financial LP purchased a new position in JPMorgan Sustainable Municipal Income ETF during the 3rd quarter valued at about $39,000. Triumph Capital Management bought a new position in JPMorgan Sustainable Municipal Income ETF during the 3rd quarter valued at approximately $64,000. GGM Financials LLC purchased a new stake in JPMorgan Sustainable Municipal Income ETF in the 4th quarter worth approximately $75,000. Finally, Root Financial Partners LLC purchased a new stake in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter worth approximately $87,000.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of NYSEARCA JMSI traded down $0.06 during midday trading on Friday, reaching $51.16. The company’s stock had a trading volume of 15,587 shares, compared to its average volume of 24,379. The firm has a 50 day moving average price of $50.71 and a 200-day moving average price of $50.35. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.35.

JPMorgan Sustainable Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.1411 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, February 2nd.

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.