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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 13,885 shares, a growth of 206.8% from the July 15th total of 4,526 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 10,025 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter worth about $91,000. Citadel Advisors LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at about $237,000. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 1st quarter valued at about $313,000. Capital Analysts LLC grew its stake in 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 worth $559,000 after buying an additional 4,798 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in John Hancock Dynamic Municipal Bond ETF during the first quarter worth approximately $592,000.

John Hancock Dynamic Municipal Bond ETF Price Performance

Shares of John Hancock Dynamic Municipal Bond ETF stock traded down $0.07 during trading hours on Friday, hitting $25.99. The company had a trading volume of 10,565 shares, compared to its average volume of 5,215. The company’s 50-day moving average is $26.14 and its two-hundred day moving average is $26.23. The company has a market cap of $43.40 million, a P/E ratio of 15.71 and a beta of 0.19. John Hancock Dynamic Municipal Bond ETF has a twelve month low of $25.40 and a twelve month high of $26.70.

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.