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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,128 shares, an increase of 187.5% from the July 30th total of 4,566 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 19,938 shares, the days-to-cover ratio is presently 0.7 days.

JPMorgan Sustainable Municipal Income ETF Stock Performance

JPMorgan Sustainable Municipal Income ETF stock traded down $0.01 during mid-day trading on Thursday, hitting $49.42. The company’s stock had a trading volume of 14,965 shares, compared to its average volume of 31,247. The business has a 50 day moving average price of $49.83 and a 200-day moving average price of $50.11. JPMorgan Sustainable Municipal Income ETF has a 12 month low of $49.05 and a 12 month high of $51.35.

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

Several institutional investors have recently bought and sold shares of the stock. Triumph Capital Management bought a new position in JPMorgan Sustainable Municipal Income ETF during the 3rd quarter worth approximately $64,000. Allworth Financial LP lifted its position in 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 last quarter. GGM Financials LLC purchased a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the fourth quarter valued at approximately $75,000. Royal Bank of Canada grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% in the first quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock worth $120,000 after purchasing an additional 1,931 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter worth approximately $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.