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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 19,938 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JMSI. Betterment LLC increased its position in shares of JPMorgan Sustainable Municipal Income ETF by 17.3% during the fourth quarter. Betterment LLC now owns 1,595,871 shares of the company’s stock worth $80,400,000 after acquiring an additional 235,384 shares during the period. EP Wealth Advisors LLC purchased a new position in JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth $19,130,000. PNC Financial Services Group Inc. lifted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 228,612 shares of the company’s stock worth $11,373,000 after buying an additional 18,179 shares during the period. Ellevest Inc. grew its holdings in JPMorgan Sustainable Municipal Income ETF by 10.2% during the 4th quarter. Ellevest Inc. now owns 138,876 shares of the company’s stock worth $6,997,000 after acquiring an additional 12,874 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of 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 valued at $6,550,000 after purchasing an additional 14,864 shares in the last quarter.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JMSI stock traded down $0.08 on Friday, reaching $49.34. 55,121 shares of the company’s stock were exchanged, compared to its average volume of 31,392. The company’s fifty day simple moving average is $49.79 and its 200 day simple moving average is $50.10. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $49.05 and a 52 week high of $51.35.

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.