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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 277,817 shares, an increase of 1,171.7% from the September 30th total of 21,846 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 152,349 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its stake in JPMorgan Sustainable Municipal Income ETF by 20.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 10,385 shares of the company’s stock worth $490,000 after acquiring an additional 1,765 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 15.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 4,664 shares of the company’s stock worth $220,000 after purchasing an additional 628 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 217.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 19,524 shares of the company’s stock worth $922,000 after purchasing an additional 13,366 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 131.5% during the third quarter. IFP Advisors Inc now owns 10,678 shares of the company’s stock worth $504,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 6.4% during the second quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock worth $419,000 after purchasing an additional 502 shares during the last quarter.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JPMorgan Sustainable Municipal Income ETF stock traded up $0.28 during mid-day trading on Monday, hitting $48.65. 103,027 shares of the stock were exchanged, compared to its average volume of 51,454. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $46.79 and a twelve month high of $51.35. The company has a 50-day simple moving average of $48.24 and a 200 day simple moving average of $49.72.

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.