JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 15,166 shares, a decline of 52.5% from the June 30th total of 31,904 shares. Based on an average daily volume of 23,698 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF
Several hedge funds and other institutional investors have recently made changes to their positions in JMSI. Allworth Financial LP raised its stake in shares of JPMorgan Sustainable Municipal Income ETF by 77.7% in the fourth quarter. Allworth Financial LP now owns 1,370 shares of the company’s stock valued at $69,000 after buying an additional 599 shares during the period. NewEdge Advisors LLC grew its stake in shares of JPMorgan Sustainable Municipal Income ETF by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,147 shares of the company’s stock worth $864,000 after acquiring an additional 730 shares during the period. CPC Advisors LLC grew its stake in shares of JPMorgan Sustainable Municipal Income ETF by 3.3% during the 1st quarter. CPC Advisors LLC now owns 32,411 shares of the company’s stock worth $1,612,000 after acquiring an additional 1,030 shares during the period. Triumph Capital Management purchased a new stake in JPMorgan Sustainable Municipal Income ETF in the 3rd quarter worth about $64,000. Finally, GGM Financials LLC purchased a new stake in JPMorgan Sustainable Municipal Income ETF in the 4th quarter worth about $75,000.
JPMorgan Sustainable Municipal Income ETF Trading Down 0.3%
Shares of JMSI stock traded down $0.17 during trading hours on Wednesday, reaching $49.45. The company’s stock had a trading volume of 16,144 shares, compared to its average volume of 31,735. The firm’s 50 day simple moving average is $50.06 and its 200-day simple moving average is $50.27. JPMorgan Sustainable Municipal Income ETF has a fifty-two week low of $48.90 and a fifty-two week high of $51.35.
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.
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