JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Stock Short Interest Falls 92.1%

by · The Cerbat Gem

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 810 shares, a drop of 92.1% from the August 31st total of 10,311 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 89,494 shares, the days-to-cover ratio is currently 0.0 days.

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. Allworth Financial LP grew its holdings in JPMorgan Sustainable Municipal Income ETF by 77.7% in the 4th quarter. Allworth Financial LP now owns 1,370 shares of the company’s stock valued at $69,000 after buying an additional 599 shares in the last quarter. Royal Bank of Canada grew 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 purchasing an additional 1,931 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 1st quarter worth approximately $239,000. Citadel Advisors LLC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the 2nd quarter valued at approximately $497,000. Finally, NewEdge Advisors LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 12.5% during the 1st quarter. NewEdge Advisors LLC now owns 19,287 shares of the company’s stock valued at $960,000 after purchasing an additional 2,140 shares during the last quarter.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.4%

NYSEARCA:JMSI traded down $0.18 on Friday, hitting $47.36. 77,226 shares of the company’s stock were exchanged, compared to its average volume of 38,100. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $47.27 and a 52 week high of $51.35. The firm has a 50-day moving average price of $49.09 and a 200-day moving average price of $49.75.

About JPMorgan Sustainable Municipal Income ETF

(Get Free Report)

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.

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