Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Declines By 33.6%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 26,401 shares, a drop of 33.6% from the December 15th total of 39,745 shares. Based on an average daily trading volume, of 40,790 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 40,790 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several institutional investors have recently modified their holdings of the business. Ally Invest Advisors Inc. increased its stake in JPMorgan Sustainable Municipal Income ETF by 6.2% during the 2nd quarter. Ally Invest Advisors Inc. now owns 5,140 shares of the company’s stock worth $254,000 after purchasing an additional 299 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter valued at approximately $31,000. Allworth Financial LP bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the third quarter worth $39,000. NewEdge Advisors LLC increased its position in shares of JPMorgan Sustainable Municipal Income ETF by 7.9% during the second quarter. NewEdge Advisors LLC now owns 16,617 shares of the company’s stock worth $821,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the third quarter worth $64,000.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JMSI stock traded down $0.06 on Friday, hitting $50.63. The stock had a trading volume of 25,862 shares, compared to its average volume of 25,506. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $47.72 and a twelve month high of $51.35. The company has a fifty day moving average price of $50.47 and a two-hundred day moving average price of $49.99.

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.