Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Expands By 376.2%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,062 shares, an increase of 376.2% from the April 15th total of 433 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 24,637 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Sustainable Municipal Income ETF Price Performance

Shares of JPMorgan Sustainable Municipal Income ETF stock traded up $0.01 during mid-day trading on Thursday, hitting $50.01. 39,615 shares of the stock were exchanged, compared to its average volume of 29,139. JPMorgan Sustainable Municipal Income ETF has a twelve month low of $48.79 and a twelve month high of $51.35. The company has a 50-day simple moving average of $50.13 and a 200 day simple moving average of $50.43.

Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Betterment LLC lifted its position in JPMorgan Sustainable Municipal Income ETF by 17.3% during the fourth 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 259,287 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF during the 4th quarter worth about $19,130,000. PNC Financial Services Group Inc. boosted its position in shares of JPMorgan Sustainable Municipal Income ETF by 8.6% in the first 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. Finally, Seeds Investor LLC grew its holdings in JPMorgan Sustainable Municipal Income ETF by 10.9% in the fourth quarter. Seeds Investor LLC now owns 149,036 shares of the company’s stock valued at $7,508,000 after purchasing an additional 14,605 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.