John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 19,871 shares, a growth of 173.4% from the April 30th total of 7,267 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 6,125 shares, the short-interest ratio is presently 3.2 days.
Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF
Several hedge funds and other institutional investors have recently modified their holdings of JHMU. Jane Street Group LLC lifted its stake in shares of John Hancock Dynamic Municipal Bond ETF by 90.9% in the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $1,371,000 after purchasing an additional 25,356 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at about $329,000. Envestnet Asset Management Inc. lifted its stake in shares of John Hancock Dynamic Municipal Bond ETF by 4.0% in the 3rd 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 in the last quarter. Citadel Advisors LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at about $237,000. Finally, Advisory Services Network LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at about $91,000.
John Hancock Dynamic Municipal Bond ETF Price Performance
NYSEARCA JHMU opened at $26.19 on Monday. The firm has a market capitalization of $43.21 million, a P/E ratio of 15.71 and a beta of 0.20. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.27 and a 1-year high of $26.70. The business’s 50-day simple moving average is $26.12 and its 200-day simple moving average is $26.26.
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.
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