JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Shares Shorted: Short Interest Up 2,597.0% in September

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 21,846 shares, an increase of 2,597.0% from the September 15th total of 810 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 162,730 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 6.4% in the second quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock worth $419,000 after buying an additional 502 shares in the last quarter. CPC Advisors LLC grew its holdings in 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 in the last quarter. Royal Bank of Canada increased its stake in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% in the 1st quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock worth $120,000 after acquiring an additional 1,931 shares during the last quarter. NewEdge Advisors LLC raised 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 worth $960,000 after acquiring an additional 2,140 shares during the period. Finally, Fifth Third Bancorp purchased a new position in JPMorgan Sustainable Municipal Income ETF during the first quarter worth about $239,000.

JPMorgan Sustainable Municipal Income ETF Stock Performance

NYSEARCA JMSI traded up $0.31 during trading on Friday, hitting $47.37. 206,668 shares of the stock traded hands, compared to its average volume of 44,999. The firm has a 50-day simple moving average of $48.61 and a 200-day simple moving average of $49.53. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $46.79 and a 12-month high of $51.35.

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.