JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,566 shares, a decline of 69.9% from the July 15th total of 15,166 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 48,779 shares, the days-to-cover ratio is currently 0.1 days.
JPMorgan Sustainable Municipal Income ETF Price Performance
Shares of NYSEARCA JMSI opened at $49.63 on Thursday. The business has a 50 day simple moving average of $49.96 and a 200 day simple moving average of $50.20. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $48.98 and a 52 week high of $51.35.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management bought a new stake in JPMorgan Sustainable Municipal Income ETF in the third quarter worth $64,000. Allworth Financial LP lifted its holdings in JPMorgan Sustainable Municipal Income ETF by 77.7% during the 4th 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 last quarter. GGM Financials LLC acquired a new position in JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at about $75,000. Royal Bank of Canada grew its stake in JPMorgan Sustainable Municipal Income ETF by 405.7% during the first quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock worth $120,000 after buying an additional 1,931 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF during the fourth quarter worth about $201,000.
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.
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