Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Declines By 17.3%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 24,009 shares, a drop of 17.3% from the January 15th total of 29,026 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,463 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 22,463 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MML Investors Services LLC boosted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 64.0% in the fourth quarter. MML Investors Services LLC now owns 14,828 shares of the company’s stock worth $747,000 after buying an additional 5,784 shares during the period. Integrated Wealth Concepts LLC purchased a new position in JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth approximately $4,293,000. Betterment LLC lifted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 17.3% in the fourth quarter. Betterment LLC now owns 1,595,871 shares of the company’s stock valued at $80,400,000 after purchasing an additional 235,384 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 32,298 shares of the company’s stock valued at $1,627,000 after purchasing an additional 4,713 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF during the fourth quarter valued at $226,000.

JPMorgan Sustainable Municipal Income ETF Price Performance

NYSEARCA:JMSI traded up $0.04 during midday trading on Monday, hitting $50.94. 19,102 shares of the stock were exchanged, compared to its average volume of 24,157. The business has a 50-day moving average price of $50.58 and a two-hundred day moving average price of $50.23. JPMorgan Sustainable Municipal Income ETF has a one year low of $47.72 and a one year high of $51.35.

JPMorgan Sustainable Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a $0.1411 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.3%.

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.