John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 51,982 shares, an increase of 131.3% from the September 30th total of 22,474 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 207,711 shares, the short-interest ratio is currently 0.3 days.
John Hancock Dynamic Municipal Bond ETF Stock Up 0.2%
John Hancock Dynamic Municipal Bond ETF stock opened at $25.54 on Friday. John Hancock Dynamic Municipal Bond ETF has a 52 week low of $24.49 and a 52 week high of $26.70. The company’s 50 day moving average price is $25.23 and its two-hundred day moving average price is $25.98. The stock has a market cap of $103.95 million, a P/E ratio of 15.71 and a beta of 0.21.
John Hancock Dynamic Municipal Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were given a dividend of $0.0434 per share. The ex-dividend date of this dividend was Wednesday, October 28th. This is a negative change from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0760. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%.
Institutional Trading of John Hancock Dynamic Municipal Bond ETF
Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in John Hancock Dynamic Municipal Bond ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 78,027 shares of the company’s stock valued at $2,054,000 after purchasing an additional 468 shares during the period. Cetera Investment Advisers increased its position in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% during the 1st quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after purchasing an additional 7,407 shares during the last quarter. Capital Analysts LLC increased its position in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% during the 2nd quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock valued at $712,000 after purchasing an additional 2,895 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 1st quarter worth about $592,000. Finally, Citadel Advisors LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 2nd quarter worth about $397,000.
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.
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