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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 22,094 shares, an increase of 40.5% from the December 31st total of 15,729 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,448 shares, the days-to-cover ratio is currently 6.4 days. Based on an average daily trading volume, of 3,448 shares, the days-to-cover ratio is currently 6.4 days. Approximately 1.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in JHMU. Jane Street Group LLC boosted its position in John Hancock Dynamic Municipal Bond ETF by 90.9% during the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $1,371,000 after purchasing an additional 25,356 shares during the period. Landmark Wealth Management LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF during the second quarter worth about $570,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter worth about $329,000. Citadel Advisors LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $237,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of John Hancock Dynamic Municipal Bond ETF by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 52,284 shares of the company’s stock valued at $1,336,000 after purchasing an additional 4,400 shares during the period.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of John Hancock Dynamic Municipal Bond ETF stock traded up $0.06 during mid-day trading on Friday, hitting $26.41. 3,719 shares of the stock were exchanged, compared to its average volume of 3,191. The stock has a market capitalization of $40.94 million, a price-to-earnings 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 $26.44. The company has a 50-day simple moving average of $26.25 and a 200 day simple moving average of $26.00.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

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

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.