JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) Shares Shorted: Short Interest Up 1,171.7% in October

JPMorgan Sustainable Municipal Income ETF (NYSEARCA:JMSI) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 277,817 shares, an increase of 1,171.7% from the September 30th total of 21,846 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 152,349 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of JPMorgan Sustainable Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of JPMorgan Sustainable Municipal Income ETF by 405.7% during the 1st 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 period. Apollon Wealth Management LLC lifted its stake in shares of JPMorgan Sustainable Municipal Income ETF by 15.6% in the third quarter. Apollon Wealth Management LLC now owns 4,664 shares of the company’s stock valued at $220,000 after buying an additional 628 shares during the period. Fifth Third Bancorp bought a new stake in shares of JPMorgan Sustainable Municipal Income ETF in the first quarter valued at about $239,000. Allworth Financial LP grew its position in JPMorgan Sustainable Municipal Income ETF by 6.4% during the second quarter. Allworth Financial LP now owns 8,302 shares of the company’s stock worth $419,000 after buying an additional 502 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in JPMorgan Sustainable Municipal Income ETF during the second quarter worth about $497,000.

JPMorgan Sustainable Municipal Income ETF Trading Down 0.1%

Shares of JPMorgan Sustainable Municipal Income ETF stock traded down $0.07 during midday trading on Tuesday, hitting $48.58. The company had a trading volume of 57,853 shares, compared to its average volume of 51,444. JPMorgan Sustainable Municipal Income ETF has a 1-year low of $46.79 and a 1-year high of $51.35. The business’s 50 day simple moving average is $48.24 and its two-hundred day simple moving average is $49.72.

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. JMSI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.