John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Up 173.4% in May

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 19,871 shares, an increase of 173.4% from the April 30th total of 7,267 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 6,125 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter valued at approximately $237,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter valued at approximately $329,000. Capital Analysts LLC grew its holdings 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 valued at $559,000 after purchasing an additional 4,798 shares during the last quarter. Finally, Royal Bank of Canada bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter valued at approximately $592,000.

John Hancock Dynamic Municipal Bond ETF Price Performance

JHMU stock traded up $0.01 during midday trading on Friday, reaching $26.19. The company had a trading volume of 7,488 shares, compared to its average volume of 5,012. The company has a market capitalization of $43.21 million, a price-to-earnings ratio of 15.71 and a beta of 0.20. The stock has a 50 day moving average price of $26.12 and a 200-day moving average price of $26.26. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.27 and a 1-year high of $26.70.

John Hancock Dynamic Municipal Bond ETF Company Profile

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.