JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 4,566 shares, a drop of 69.9% from the July 15th total of 15,166 shares. Based on an average daily volume of 48,779 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
JPMorgan Sustainable Municipal Income ETF Stock Performance
Shares of JMSI stock opened at $49.63 on Thursday. The stock’s fifty day moving average is $49.96 and its 200-day moving average is $50.20. JPMorgan Sustainable Municipal Income ETF has a 52 week low of $48.98 and a 52 week high of $51.35.
Hedge Funds Weigh In On JPMorgan Sustainable Municipal Income ETF
A number of institutional investors have recently modified their holdings of JMSI. Allworth Financial LP increased its position in 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 worth $69,000 after purchasing an additional 599 shares during the period. NewEdge Advisors LLC lifted its position in 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 valued at $864,000 after purchasing an additional 730 shares during the period. CPC Advisors LLC lifted its position in 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 valued at $1,612,000 after purchasing an additional 1,030 shares during the period. Triumph Capital Management bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 3rd quarter valued at about $64,000. Finally, GGM Financials LLC bought a new position in shares of JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at about $75,000.
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.
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