John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Stock Short Interest Climbs 251.3%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 22,474 shares, a growth of 251.3% from the September 15th total of 6,397 shares. Based on an average daily trading volume, of 12,145 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the shares of the company are short sold.

John Hancock Dynamic Municipal Bond ETF Stock Performance

JHMU traded up $0.04 during midday trading on Monday, reaching $24.84. The company had a trading volume of 8,878 shares, compared to its average volume of 16,838. The stock has a market cap of $52.66 million, a PE ratio of 15.71 and a beta of 0.21. John Hancock Dynamic Municipal Bond ETF has a 12-month low of $24.49 and a 12-month high of $26.70. The business has a 50-day moving average price of $25.44 and a two-hundred day moving average price of $25.90.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.0760 dividend. This is a drop from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0847. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.7%.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of John Hancock Dynamic Municipal Bond ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 78,027 shares of the company’s stock valued at $2,054,000 after buying an additional 468 shares during the period. Capital Analysts LLC lifted its position in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% during the 2nd quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock valued at $712,000 after buying an additional 2,895 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter valued at $217,000. Citadel Advisors LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter valued at $397,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter worth $313,000.

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.