JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Update

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 15,166 shares, a decrease of 52.5% from the June 30th total of 31,904 shares. Based on an average daily trading volume, of 23,698 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in shares of JPMorgan Sustainable Municipal Income ETF by 14.7% during the 1st quarter. NewEdge Advisors LLC now owns 15,406 shares of the company’s stock worth $767,000 after purchasing an additional 1,970 shares during the last quarter. Advisory Services Network LLC acquired a new stake in JPMorgan Sustainable Municipal Income ETF in the 2nd quarter valued at about $586,000. GeoWealth Management LLC grew its holdings in JPMorgan Sustainable Municipal Income ETF by 4.3% during the third quarter. GeoWealth Management LLC now owns 66,284 shares of the company’s stock worth $3,329,000 after purchasing an additional 2,758 shares during the period. Fiduciary Trust Co grew its holdings in JPMorgan Sustainable Municipal Income ETF by 6.5% during the third quarter. Fiduciary Trust Co now owns 33,729 shares of the company’s stock worth $1,694,000 after purchasing an additional 2,068 shares during the period. Finally, Raymond James Financial Inc. increased its position in JPMorgan Sustainable Municipal Income ETF by 12.9% during the third quarter. Raymond James Financial Inc. now owns 130,431 shares of the company’s stock worth $6,550,000 after buying an additional 14,864 shares during the last quarter.

JPMorgan Sustainable Municipal Income ETF Price Performance

JMSI traded up $0.08 during trading on Tuesday, reaching $49.62. 9,685 shares of the stock were exchanged, compared to its average volume of 31,846. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $48.90 and a twelve month high of $51.35. The stock’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $50.29.

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.