John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Sees Significant Growth in Short Interest

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 17,324 shares, a growth of 14.7% from the February 12th total of 15,100 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 4,653 shares, the short-interest ratio is presently 3.7 days. Based on an average daily volume of 4,653 shares, the short-interest ratio is presently 3.7 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $91,000. Citadel Advisors LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF in the third quarter valued at $237,000. Wealth Enhancement Advisory Services LLC purchased a new stake in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth about $329,000. Capital Analysts LLC boosted its position in shares of John Hancock Dynamic Municipal Bond ETF by 28.9% during the 4th quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock worth $559,000 after acquiring an additional 4,798 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 4th quarter worth about $990,000.

John Hancock Dynamic Municipal Bond ETF Price Performance

Shares of John Hancock Dynamic Municipal Bond ETF stock traded up $0.01 on Wednesday, reaching $26.30. 606 shares of the company were exchanged, compared to its average volume of 3,671. The stock’s 50 day moving average price is $26.45 and its 200-day moving average price is $26.24. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $24.68 and a 1-year high of $26.70. The company has a market cap of $41.55 million, a P/E ratio of 15.71 and a beta of 0.22.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0486 per share. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, February 25th.

About John Hancock Dynamic Municipal Bond ETF

The John Hancock Dynamic Municipal Bond ETF (JHMU) is an exchange-traded fund that is based on the John Hancock Dimensional Utilities index. The fund is an actively managed fund that primarily invests in investment grade municipal bonds of any maturity. The fund seeks to provide tax-exempt income. JHMU was launched on Oct 31, 2023 and is issued by John Hancock.