JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Up 707.8% in May

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 16,656 shares, a growth of 707.8% from the April 30th total of 2,062 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 36,303 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

Large investors have recently modified their holdings of the company. Rossby Financial LCC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter valued at approximately $31,000. Allworth Financial LP acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter valued at approximately $39,000. Triumph Capital Management acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter valued at approximately $64,000. GGM Financials LLC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at approximately $75,000. Finally, Royal Bank of Canada boosted 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 valued at $120,000 after acquiring an additional 1,931 shares during the period.

JPMorgan Sustainable Municipal Income ETF Price Performance

JMSI stock opened at $50.04 on Thursday. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $48.79 and a twelve month high of $51.35. The business has a 50 day simple moving average of $50.01 and a 200-day simple moving average of $50.39.

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.