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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a large drop in short interest in 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 40,790 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 40,790 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

JPMorgan Sustainable Municipal Income ETF Price Performance

JMSI stock traded down $0.06 during midday trading on Friday, hitting $50.63. 25,862 shares of the company’s stock were exchanged, compared to its average volume of 25,506. The firm has a 50 day moving average price of $50.47 and a 200-day moving average price of $49.98. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JMSI. Betterment LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 19.9% during the third quarter. Betterment LLC now owns 1,360,487 shares of the company’s stock valued at $68,324,000 after purchasing an additional 225,859 shares during the last quarter. JPMorgan Chase & Co. increased its stake in JPMorgan Sustainable Municipal Income ETF by 40.3% in 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 in the last quarter. Raymond James Financial Inc. boosted its stake in JPMorgan Sustainable Municipal Income ETF by 12.9% in the 3rd quarter. Raymond James Financial Inc. now owns 130,431 shares of the company’s stock worth $6,550,000 after purchasing an additional 14,864 shares during the period. Seeds Investor LLC lifted its stake in JPMorgan Sustainable Municipal Income ETF by 7.7% in the 2nd quarter. Seeds Investor LLC now owns 91,533 shares of the company’s stock worth $4,524,000 after acquiring an additional 6,576 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in JPMorgan Sustainable Municipal Income ETF by 1.8% during the 3rd quarter. Modera Wealth Management LLC now owns 71,513 shares of the company’s stock worth $3,591,000 after acquiring an additional 1,289 shares during the period.

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.