JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Stock Short Interest Report for October

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 277,817 shares, an increase of 1,171.7% from the September 30th total of 21,846 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 152,349 shares, the days-to-cover ratio is currently 1.8 days.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JMSI stock traded down $0.11 on Wednesday, hitting $48.56. 15,733 shares of the company’s stock traded hands, compared to its average volume of 51,684. The company’s fifty day simple moving average is $48.22 and its 200 day simple moving average is $49.71. JPMorgan Sustainable Municipal Income ETF has a one year low of $46.79 and a one year high of $51.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the 1st quarter valued at about $2,436,000. PNC Financial Services Group Inc. grew its position in JPMorgan Sustainable Municipal Income ETF by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 228,612 shares of the company’s stock worth $11,373,000 after acquiring an additional 18,179 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in JPMorgan Sustainable Municipal Income ETF by 217.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,524 shares of the company’s stock worth $922,000 after purchasing an additional 13,366 shares during the period. Citadel Advisors LLC purchased a new position in JPMorgan Sustainable Municipal Income ETF in the 2nd quarter worth approximately $497,000. Finally, IFP Advisors Inc increased its stake in JPMorgan Sustainable Municipal Income ETF by 131.5% in the 3rd quarter. IFP Advisors Inc now owns 10,678 shares of the company’s stock worth $504,000 after purchasing an additional 6,065 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.