Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Declines By 58.7%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 9,914 shares, a drop of 58.7% from the January 29th total of 24,009 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 24,624 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 24,624 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.1%

Shares of JMSI stock traded down $0.07 during trading hours on Friday, hitting $51.16. 14,344 shares of the company’s stock were exchanged, compared to its average volume of 24,347. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.35. The business’s 50 day simple moving average is $50.69 and its 200-day simple moving average is $50.32.

JPMorgan Sustainable Municipal Income ETF Cuts Dividend

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

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Large investors have recently made changes to their positions in the business. Betterment LLC grew 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 purchasing an additional 235,384 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Sustainable Municipal Income ETF by 40.3% in the third quarter. JPMorgan Chase & Co. now owns 901,902 shares of the company’s stock valued at $45,294,000 after acquiring an additional 259,287 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF during the fourth quarter valued at approximately $19,130,000. PNC Financial Services Group Inc. increased its stake in JPMorgan Sustainable Municipal Income ETF by 12.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 210,433 shares of the company’s stock worth $10,602,000 after purchasing an additional 22,519 shares during the period. Finally, Seeds Investor LLC grew its stake in JPMorgan Sustainable Municipal Income ETF by 10.9% in the 4th quarter. Seeds Investor LLC now owns 149,036 shares of the company’s stock worth $7,508,000 after acquiring an additional 14,605 shares in the last quarter.

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.