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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 13,788 shares, an increase of 39.1% from the February 12th total of 9,914 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 25,147 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 25,147 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

JPMorgan Sustainable Municipal Income ETF Price Performance

NYSEARCA JMSI traded up $0.11 on Friday, reaching $50.34. The company’s stock had a trading volume of 34,306 shares, compared to its average volume of 25,365. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $47.72 and a twelve month high of $51.35. The firm’s 50 day moving average is $50.72 and its two-hundred day moving average is $50.45.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.1541 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Sustainable Municipal Income ETF’s previous monthly dividend of $0.14.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

Large investors have recently added to or reduced their stakes in the business. Rossby Financial LCC acquired a new position in JPMorgan Sustainable Municipal Income ETF in the third quarter worth approximately $31,000. Allworth Financial LP acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter valued at $39,000. Triumph Capital Management bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter worth $64,000. GGM Financials LLC bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth $75,000. Finally, Root Financial Partners LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 3rd quarter worth $87,000.

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.