Short Interest in JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Expands By 148.2%

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 42,200 shares, an increase of 148.2% from the May 15th total of 17,000 shares. Based on an average daily volume of 44,200 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in JPMorgan Sustainable Municipal Income ETF by 59.3% in the 4th quarter. Jones Financial Companies Lllp now owns 10,468 shares of the company’s stock valued at $524,000 after purchasing an additional 3,895 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in JPMorgan Sustainable Municipal Income ETF in the 4th quarter valued at about $98,000. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Sustainable Municipal Income ETF by 0.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 209,829 shares of the company’s stock valued at $10,506,000 after purchasing an additional 830 shares in the last quarter. Ellevest Inc. lifted its holdings in JPMorgan Sustainable Municipal Income ETF by 1,021.2% in the 4th quarter. Ellevest Inc. now owns 131,506 shares of the company’s stock valued at $6,584,000 after purchasing an additional 119,777 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of JPMorgan Sustainable Municipal Income ETF during the 4th quarter valued at about $5,603,000.

JPMorgan Sustainable Municipal Income ETF Price Performance

NYSEARCA:JMSI traded down $0.12 on Friday, reaching $49.13. The stock had a trading volume of 43,230 shares, compared to its average volume of 23,640. The firm’s fifty day moving average is $49.14 and its two-hundred day moving average is $49.81. JPMorgan Sustainable Municipal Income ETF has a 12-month low of $47.72 and a 12-month high of $51.17.

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.