John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Short Interest Up 50.8% in May

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 9,800 shares, a growth of 50.8% from the May 15th total of 6,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 62,200 shares, the days-to-cover ratio is currently 0.2 days.

John Hancock Mortgage-Backed Securities ETF Stock Down 0.3%

NYSEARCA JHMB traded down $0.07 on Monday, reaching $21.62. 15,143 shares of the company’s stock traded hands, compared to its average volume of 32,934. The stock has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $21.66. John Hancock Mortgage-Backed Securities ETF has a 12 month low of $21.13 and a 12 month high of $22.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JHMB. Legacy Capital Wealth Partners LLC bought a new stake in shares of John Hancock Mortgage-Backed Securities ETF in the 4th quarter valued at about $366,000. HighTower Advisors LLC bought a new stake in John Hancock Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $4,054,000. Commonwealth Equity Services LLC lifted its position in John Hancock Mortgage-Backed Securities ETF by 220.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 164,851 shares of the company’s stock valued at $3,543,000 after purchasing an additional 113,403 shares during the last quarter. LPL Financial LLC boosted its stake in shares of John Hancock Mortgage-Backed Securities ETF by 202.4% during the fourth quarter. LPL Financial LLC now owns 160,902 shares of the company’s stock valued at $3,458,000 after purchasing an additional 107,700 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in shares of John Hancock Mortgage-Backed Securities ETF in the fourth quarter worth approximately $366,000.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity.