Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Drops By 52.5%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSIGet Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 15,166 shares, a decline of 52.5% from the June 30th total of 31,904 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 23,698 shares, the days-to-cover ratio is presently 0.6 days.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.2%

JMSI traded up $0.08 during trading hours on Tuesday, reaching $49.62. The company’s stock had a trading volume of 9,685 shares, compared to its average volume of 31,846. The company’s 50-day moving average is $50.06 and its 200-day moving average is $50.29. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $48.90 and a 52 week high of $51.35.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several large investors have recently modified their holdings of JMSI. Allworth Financial LP acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter worth about $39,000. Triumph Capital Management acquired a new position in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at about $64,000. GGM Financials LLC bought a new position in JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at about $75,000. Royal Bank of Canada raised its holdings 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 acquiring an additional 1,931 shares during the period. Finally, IFP Advisors Inc lifted its position in JPMorgan Sustainable Municipal Income ETF by 1,540.0% during the third quarter. IFP Advisors Inc now owns 2,542 shares of the company’s stock worth $128,000 after acquiring an additional 2,387 shares during the last quarter.

JPMorgan Sustainable Municipal Income ETF Company Profile

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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.

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