JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Up 187.5% in August

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 13,128 shares, an increase of 187.5% from the July 30th total of 4,566 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 19,938 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Triumph Capital Management acquired a new stake in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at approximately $64,000. Allworth Financial LP boosted its position in JPMorgan Sustainable Municipal Income ETF by 77.7% during the 4th quarter. Allworth Financial LP now owns 1,370 shares of the company’s stock worth $69,000 after acquiring an additional 599 shares during the period. GGM Financials LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter worth $75,000. Royal Bank of Canada grew its stake 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 worth $120,000 after purchasing an additional 1,931 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF during the fourth quarter valued at $201,000.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.2%

JPMorgan Sustainable Municipal Income ETF stock traded down $0.08 during midday trading on Friday, reaching $49.34. 55,121 shares of the stock traded hands, compared to its average volume of 31,392. JPMorgan Sustainable Municipal Income ETF has a fifty-two week low of $49.05 and a fifty-two week high of $51.35. The firm has a fifty day moving average price of $49.81 and a two-hundred day moving average price of $50.10.

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.