JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Sees Significant Growth in Short Interest

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 277,817 shares, an increase of 1,171.7% from the September 30th total of 21,846 shares. Based on an average daily trading volume, of 152,349 shares, the short-interest ratio is currently 1.8 days. Approximately 3.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new position in JPMorgan Sustainable Municipal Income ETF during the first quarter worth approximately $2,436,000. PNC Financial Services Group Inc. boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 228,612 shares of the company’s stock valued at $11,373,000 after purchasing an additional 18,179 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of JPMorgan Sustainable Municipal Income ETF by 217.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,524 shares of the company’s stock valued at $922,000 after buying an additional 13,366 shares during the period. NewEdge Advisors LLC grew its stake in shares of 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 buying an additional 2,140 shares during the period. Finally, Allworth Financial LP grew its stake in shares of JPMorgan Sustainable Municipal Income ETF by 6.4% during the 2nd quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock valued at $419,000 after buying an additional 502 shares during the period.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.6%

JMSI traded up $0.28 during midday trading on Monday, hitting $48.65. The company’s stock had a trading volume of 103,027 shares, compared to its average volume of 51,454. The firm has a 50-day moving average price of $48.24 and a two-hundred day moving average price of $49.72. JPMorgan Sustainable Municipal Income ETF has a 52-week low of $46.79 and a 52-week high of $51.35.

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.