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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 39,745 shares, an increase of 274.9% from the November 30th total of 10,602 shares. Based on an average trading volume of 21,058 shares, the short-interest ratio is presently 1.9 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 21,058 shares, the short-interest ratio is presently 1.9 days.

JPMorgan Sustainable Municipal Income ETF Stock Performance

NYSEARCA JMSI traded up $0.07 on Thursday, reaching $50.51. The stock had a trading volume of 10,198 shares, compared to its average volume of 30,431. JPMorgan Sustainable Municipal Income ETF has a 1 year low of $47.72 and a 1 year high of $51.35. The business has a 50 day moving average price of $50.46 and a 200 day moving average price of $49.83.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ally Invest Advisors Inc. lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 6.2% in the 2nd quarter. Ally Invest Advisors Inc. now owns 5,140 shares of the company’s stock valued at $254,000 after purchasing an additional 299 shares during the last quarter. Rossby Financial LCC bought a new position in JPMorgan Sustainable Municipal Income ETF during the third quarter valued at about $31,000. Allworth Financial LP acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the third quarter worth about $39,000. NewEdge Advisors LLC boosted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 7.9% during the 2nd 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 position in shares of JPMorgan Sustainable Municipal Income ETF during the 3rd quarter valued at about $64,000.

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.