Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Increases By 39.1%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a significant growth in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 25,147 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 25,147 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

JPMorgan Sustainable Municipal Income ETF Trading Up 0.2%

Shares of JPMorgan Sustainable Municipal Income ETF stock opened at $50.34 on Monday. The firm’s 50-day moving average is $50.72 and its two-hundred day moving average is $50.45. JPMorgan Sustainable Municipal Income ETF has a 1 year low of $47.72 and a 1 year high of $51.35.

JPMorgan Sustainable Municipal Income ETF Increases Dividend

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

Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF

A number of large investors have recently bought and sold shares of the business. Betterment LLC boosted its position in 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 valued at $56,073,000 after acquiring an additional 398,284 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth $19,130,000. JPMorgan Chase & Co. boosted its position in JPMorgan Sustainable Municipal Income ETF by 40.3% during the third quarter. JPMorgan Chase & Co. now owns 901,902 shares of the company’s stock valued at $45,294,000 after purchasing an additional 259,287 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in JPMorgan Sustainable Municipal Income ETF during the fourth quarter valued at about $4,293,000. Finally, ORG Partners LLC purchased a new position in JPMorgan Sustainable Municipal Income ETF in the third quarter valued at about $2,209,000.

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.