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

by · The Markets Daily

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its position in shares of 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 worth $69,000 after buying an additional 599 shares during the last quarter. Royal Bank of Canada increased its stake in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% during the first quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock valued at $120,000 after buying an additional 1,931 shares during the period. Fifth Third Bancorp bought a new position in shares of JPMorgan Sustainable Municipal Income ETF during the first quarter valued at approximately $239,000. Citadel Advisors LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF during the second quarter valued at approximately $497,000. Finally, NewEdge Advisors LLC raised its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 12.5% during the first quarter. NewEdge Advisors LLC now owns 19,287 shares of the company’s stock valued at $960,000 after acquiring an additional 2,140 shares in the last quarter.

JPMorgan Sustainable Municipal Income ETF Stock Performance

Shares of NYSEARCA:JMSI traded down $0.27 during midday trading on Thursday, hitting $47.54. 105,761 shares of the stock traded hands, compared to its average volume of 37,915. The business’s 50 day moving average is $49.09 and its two-hundred day moving average is $49.75. JPMorgan Sustainable Municipal Income ETF has a one year low of $47.43 and a one year high of $51.35.

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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