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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 21,846 shares, an increase of 2,597.0% from the September 15th total of 810 shares. Based on an average daily volume of 162,730 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.7%

JPMorgan Sustainable Municipal Income ETF stock traded up $0.31 during trading on Friday, hitting $47.37. The company had a trading volume of 206,668 shares, compared to its average volume of 44,999. JPMorgan Sustainable Municipal Income ETF has a 1-year low of $46.79 and a 1-year high of $51.35. The company’s 50 day simple moving average is $48.61 and its 200-day simple moving average is $49.53.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

Large investors have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF during the first quarter worth about $2,436,000. PNC Financial Services Group Inc. boosted its position in shares of JPMorgan Sustainable Municipal Income ETF by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 228,612 shares of the company’s stock worth $11,373,000 after acquiring an additional 18,179 shares in the last quarter. Allworth Financial LP lifted its stake in JPMorgan Sustainable Municipal Income ETF by 6.4% during the second quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock worth $419,000 after purchasing an additional 502 shares during the last quarter. Citadel Advisors LLC purchased a new position in JPMorgan Sustainable Municipal Income ETF in the second quarter valued at approximately $497,000. Finally, Royal Bank of Canada lifted its position in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% during the 1st 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.

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.