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

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 9,914 shares, a decline of 58.7% from the January 29th total of 24,009 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 24,624 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 24,624 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

JPMorgan Sustainable Municipal Income ETF Stock Down 0.1%

Shares of JMSI traded down $0.06 during mid-day trading on Friday, hitting $51.16. 15,587 shares of the company’s stock were exchanged, compared to its average volume of 24,379. The stock’s 50-day moving average is $50.71 and its 200-day moving average is $50.35. JPMorgan Sustainable Municipal Income ETF has a fifty-two week low of $47.72 and a fifty-two week high of $51.35.

JPMorgan Sustainable Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1411 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Betterment LLC raised its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 54.1% in the 2nd quarter. Betterment LLC now owns 1,134,628 shares of the company’s stock valued at $56,073,000 after purchasing an additional 398,284 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in JPMorgan Sustainable Municipal Income ETF in the fourth quarter valued at $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 buying an additional 259,287 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth about $4,293,000. Finally, ORG Partners LLC purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at about $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.