JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Short Interest Update

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,788 shares, a growth of 39.1% from the February 12th total of 9,914 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 25,147 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 25,147 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

JPMorgan Sustainable Municipal Income ETF Stock Performance

Shares of NYSEARCA JMSI traded up $0.11 during midday trading on Friday, hitting $50.34. 34,306 shares of the company’s stock were exchanged, compared to its average volume of 25,365. JPMorgan Sustainable Municipal Income ETF has a 12 month low of $47.72 and a 12 month high of $51.35. The company’s 50 day moving average price is $50.72 and its 200 day moving average price is $50.43.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1541 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%. This is a positive change from JPMorgan Sustainable Municipal Income ETF’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Betterment LLC lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 54.1% during the 2nd quarter. Betterment LLC now owns 1,134,628 shares of the company’s stock worth $56,073,000 after buying an additional 398,284 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF during the fourth quarter worth approximately $19,130,000. JPMorgan Chase & Co. lifted its holdings in JPMorgan Sustainable Municipal Income ETF by 40.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 901,902 shares of the company’s stock worth $45,294,000 after purchasing an additional 259,287 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at $4,293,000. Finally, ORG Partners LLC acquired a new position in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at $2,209,000.

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.