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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 21,862 shares, an increase of 26.2% from the February 26th total of 17,324 shares. Based on an average daily volume of 4,335 shares, the short-interest ratio is presently 5.0 days. Approximately 1.4% of the shares of the company are sold short.

John Hancock Dynamic Municipal Bond ETF Stock Performance

John Hancock Dynamic Municipal Bond ETF stock opened at $25.96 on Wednesday. John Hancock Dynamic Municipal Bond ETF has a 1 year low of $24.68 and a 1 year high of $26.70. The firm’s 50-day moving average is $26.39 and its 200-day moving average is $26.25. The company has a market cap of $41.02 million, a P/E ratio of 15.71 and a beta of 0.22.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

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

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Several hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $91,000. Citadel Advisors LLC bought a new stake in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter valued at $237,000. Wealth Enhancement Advisory Services LLC acquired a new position in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $329,000. Capital Analysts LLC grew its stake in shares of John Hancock Dynamic Municipal Bond ETF by 28.9% in the fourth quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock worth $559,000 after purchasing 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 fourth quarter valued at $990,000.

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.