JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Sees Large Decrease in Short Interest

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 810 shares, a decrease of 92.1% from the August 31st total of 10,311 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 89,494 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several large investors have recently modified their holdings of JMSI. Allworth Financial LP raised 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 valued at $69,000 after purchasing an additional 599 shares during the period. Royal Bank of Canada grew its stake in JPMorgan Sustainable Municipal Income ETF by 405.7% in the 1st 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 in the last quarter. Fifth Third Bancorp purchased a new position in JPMorgan Sustainable Municipal Income ETF in the 1st quarter valued at approximately $239,000. Citadel Advisors LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF during the 2nd quarter valued at $497,000. Finally, NewEdge Advisors LLC raised its holdings in JPMorgan Sustainable Municipal Income ETF by 12.5% during the 1st quarter. NewEdge Advisors LLC now owns 19,287 shares of the company’s stock valued at $960,000 after acquiring an additional 2,140 shares during the period.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.3%

JMSI traded down $0.15 during trading hours on Friday, hitting $47.39. The stock had a trading volume of 592,094 shares, compared to its average volume of 40,926. JPMorgan Sustainable Municipal Income ETF has a 1 year low of $47.27 and a 1 year high of $51.35. The company’s fifty day simple moving average is $49.04 and its 200 day simple moving average is $49.74.

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.