John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Shares Shorted: Short Interest Up 1,748.9% in September

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,736 shares, an increase of 1,748.9% from the September 15th total of 797 shares. Based on an average daily trading volume, of 133,031 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

John Hancock Mortgage-Backed Securities ETF Stock Performance

Shares of JHMB traded up $0.02 during mid-day trading on Friday, hitting $20.87. 41,064 shares of the company traded hands, compared to its average volume of 51,126. John Hancock Mortgage-Backed Securities ETF has a 1-year low of $20.59 and a 1-year high of $22.60. The business has a 50 day moving average of $21.36 and a 200 day moving average of $21.73.

John Hancock Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a dividend of $0.0837 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.00 annualized dividend and a yield of 4.8%. This is a drop from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0930.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cadence Wealth Management LLC grew its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% during the first quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock valued at $320,000 after buying an additional 1,845 shares during the last quarter. J. R. Prunier Capital Management LLC lifted its position in John Hancock Mortgage-Backed Securities ETF by 26.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock worth $1,728,000 after acquiring an additional 16,427 shares during the period. Finally, Fidelity D & D Bancorp Inc. lifted its position in John Hancock Mortgage-Backed Securities ETF by 7.1% during the 1st quarter. Fidelity D & D Bancorp Inc. now owns 414,145 shares of the company’s stock worth $9,117,000 after acquiring an additional 27,275 shares during the period.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.