JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Up 274.9% in December

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 39,745 shares, a growth of 274.9% from the November 30th total of 10,602 shares. Based on an average trading volume of 21,058 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 21,058 shares, the short-interest ratio is presently 1.9 days.

JPMorgan Sustainable Municipal Income ETF Stock Up 0.1%

Shares of JPMorgan Sustainable Municipal Income ETF stock traded up $0.07 on Thursday, reaching $50.51. 10,198 shares of the company were exchanged, compared to its average volume of 30,431. JPMorgan Sustainable Municipal Income ETF has a fifty-two week low of $47.72 and a fifty-two week high of $51.35. The stock has a fifty day moving average price of $50.46 and a 200-day moving average price of $49.83.

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

Hedge funds have recently made changes to their positions in the company. Betterment LLC lifted its stake in JPMorgan Sustainable Municipal Income ETF by 54.1% in the 2nd quarter. Betterment LLC now owns 1,134,628 shares of the company’s stock worth $56,073,000 after acquiring an additional 398,284 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of JPMorgan Sustainable Municipal Income ETF by 224.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,495 shares of the company’s stock worth $813,000 after purchasing an additional 11,417 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 6.7% during the first quarter. Raymond James Financial Inc. now owns 119,450 shares of the company’s stock worth $5,949,000 after purchasing an additional 7,538 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Sustainable Municipal Income ETF by 9.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 61,887 shares of the company’s stock valued at $3,082,000 after purchasing an additional 5,178 shares in the last quarter. Finally, Benchmark Wealth Management LLC acquired a new position in JPMorgan Sustainable Municipal Income ETF in the 2nd quarter valued at approximately $376,000.

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.