JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 810 shares, a decrease of 92.1% from the August 31st total of 10,311 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 89,494 shares, the days-to-cover ratio is presently 0.0 days.
JPMorgan Sustainable Municipal Income ETF Stock Performance
Shares of NYSEARCA:JMSI traded down $0.27 on Thursday, hitting $47.54. The company’s stock had a trading volume of 105,761 shares, compared to its average volume of 37,915. The company has a 50-day simple moving average of $49.09 and a 200 day simple moving average of $49.75. JPMorgan Sustainable Municipal Income ETF has a 1 year low of $47.43 and a 1 year high of $51.35.
Institutional Investors Weigh In On JPMorgan Sustainable Municipal Income ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in JPMorgan Sustainable Municipal Income ETF by 6.4% in the 2nd quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock worth $419,000 after purchasing an additional 502 shares during the period. CPC Advisors LLC boosted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 3.3% during the first 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. Royal Bank of Canada grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% in the first quarter. Royal Bank of Canada now owns 2,407 shares of the company’s stock worth $120,000 after purchasing an additional 1,931 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 12.5% in the first quarter. NewEdge Advisors LLC now owns 19,287 shares of the company’s stock worth $960,000 after purchasing an additional 2,140 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of JPMorgan Sustainable Municipal Income ETF in the first quarter worth $239,000.
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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