JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Sees Large Decline in Short Interest
by Teresa Graham · The Cerbat GemJPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 433 shares, a decline of 96.7% from the March 31st total of 13,152 shares. Based on an average daily trading volume, of 34,865 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 25.9% in the 1st quarter. Fairway Wealth LLC now owns 24,420 shares of the company’s stock valued at $1,215,000 after buying an additional 5,027 shares during the period. CPC Advisors LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 3.3% in the 1st quarter. CPC Advisors LLC now owns 32,411 shares of the company’s stock valued at $1,612,000 after buying an additional 1,030 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at $19,130,000. NewEdge Advisors LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 4.4% in the 4th quarter. NewEdge Advisors LLC now owns 17,147 shares of the company’s stock valued at $864,000 after buying an additional 730 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at $201,000.
JPMorgan Sustainable Municipal Income ETF Price Performance
Shares of JMSI stock traded down $0.03 on Friday, hitting $50.28. The stock had a trading volume of 15,946 shares, compared to its average volume of 28,593. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $48.79 and a twelve month high of $51.35. The company has a fifty day moving average price of $50.34 and a two-hundred day moving average price of $50.45.
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.