Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Drops By 33.6%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 26,401 shares, a decrease of 33.6% from the December 15th total of 39,745 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,790 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 40,790 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.1%

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at about $1,503,000. Betterment LLC raised its position in shares of 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 224.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,495 shares of the company’s stock valued at $813,000 after purchasing an additional 11,417 shares during the period. Benchmark Wealth Management LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 2nd quarter worth $376,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Sustainable Municipal Income ETF during the second quarter worth $292,000.

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.