John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Sees Large Increase in Short Interest

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 29,572 shares, a growth of 35.3% from the March 15th total of 21,862 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 6,722 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Several hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in John Hancock Dynamic Municipal Bond ETF by 7.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,569 shares of the company’s stock worth $356,000 after acquiring an additional 952 shares in the last quarter. Envestnet Asset Management Inc. raised its position in John Hancock Dynamic Municipal Bond ETF by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 54,354 shares of the company’s stock valued at $1,413,000 after purchasing an additional 2,070 shares during the period. Cetera Investment Advisers lifted its stake in shares of John Hancock Dynamic Municipal Bond ETF by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 51,734 shares of the company’s stock valued at $1,353,000 after purchasing an additional 2,079 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at approximately $91,000. Finally, Capital Analysts LLC boosted its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 28.9% in the 4th quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock worth $559,000 after purchasing an additional 4,798 shares during the period.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.4%

JHMU traded up $0.10 during trading hours on Friday, hitting $26.30. The company’s stock had a trading volume of 1,303 shares, compared to its average volume of 4,336. The business’s 50-day moving average price is $26.33 and its 200-day moving average price is $26.26. John Hancock Dynamic Municipal Bond ETF has a 12 month low of $25.08 and a 12 month high of $26.70. The stock has a market cap of $43.40 million, a price-to-earnings ratio of 15.71 and a beta of 0.23.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.0486 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%.

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.