Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Decreases By 30.1%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 9,642 shares, a decline of 30.1% from the February 26th total of 13,788 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 29,281 shares, the days-to-cover ratio is presently 0.3 days.

JPMorgan Sustainable Municipal Income ETF Stock Performance

JMSI traded down $0.02 during midday trading on Friday, hitting $49.58. 52,029 shares of the company traded hands, compared to its average volume of 27,862. JPMorgan Sustainable Municipal Income ETF has a 52-week low of $47.72 and a 52-week high of $51.35. The business has a 50 day simple moving average of $50.59 and a two-hundred day simple moving average of $50.47.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

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

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

Several institutional investors have recently bought and sold shares of JMSI. Betterment LLC increased its stake in JPMorgan Sustainable Municipal Income ETF by 17.3% during the 4th quarter. Betterment LLC now owns 1,595,871 shares of the company’s stock worth $80,400,000 after buying an additional 235,384 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $45,294,000 after acquiring an additional 259,287 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the fourth quarter worth approximately $19,130,000. PNC Financial Services Group Inc. increased its position in shares of JPMorgan Sustainable Municipal Income ETF by 12.0% during 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 in the last quarter. Finally, Seeds Investor LLC increased its position in shares of JPMorgan Sustainable Municipal Income ETF by 10.9% during the fourth quarter. Seeds Investor LLC now owns 149,036 shares of the company’s stock worth $7,508,000 after purchasing an additional 14,605 shares in the last quarter.

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.