John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Update

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 17,988 shares, a decrease of 18.6% from the January 15th total of 22,094 shares. Based on an average daily trading volume, of 3,028 shares, the days-to-cover ratio is presently 5.9 days. Currently, 1.1% of the company’s shares are sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,028 shares, the days-to-cover ratio is presently 5.9 days.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter worth $237,000. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF in the third quarter valued at $329,000. Capital Analysts LLC raised its stake in 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 valued at $559,000 after buying an additional 4,798 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF in the fourth quarter valued at $990,000.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.0%

Shares of JHMU traded up $0.01 during trading on Monday, reaching $26.61. 730 shares of the company traded hands, compared to its average volume of 3,234. The stock has a 50-day simple moving average of $26.31 and a 200-day simple moving average of $26.09. The stock has a market cap of $42.04 million, a PE ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a twelve month low of $24.68 and a twelve month high of $26.62.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were paid a $0.0502 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%.

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.