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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 15,100 shares, a drop of 16.1% from the January 29th total of 17,988 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 3,346 shares, the days-to-cover ratio is presently 4.5 days. Based on an average daily volume of 3,346 shares, the days-to-cover ratio is presently 4.5 days. Currently, 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in John Hancock Dynamic Municipal Bond ETF by 9.2% during 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 in the last quarter. &PARTNERS grew its stake in John Hancock Dynamic Municipal Bond ETF by 8.6% during the 4th quarter. &PARTNERS now owns 90,393 shares of the company’s stock valued at $2,365,000 after purchasing an additional 7,172 shares during the last quarter. Captrust Financial Advisors acquired a new position in John Hancock Dynamic Municipal Bond ETF in the 4th quarter worth approximately $2,218,000. Jane Street Group LLC raised its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 90.9% during the first 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 last quarter. Finally, Cetera Investment Advisers boosted its position in 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 worth $1,353,000 after purchasing an additional 2,079 shares in the last quarter.

John Hancock Dynamic Municipal Bond ETF Price Performance

Shares of John Hancock Dynamic Municipal Bond ETF stock remained flat at $26.47 during trading on Thursday. The company had a trading volume of 2,936 shares, compared to its average volume of 3,710. The stock has a 50-day simple moving average of $26.41 and a 200-day simple moving average of $26.18. The stock has a market cap of $41.82 million, a PE ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a 12 month low of $24.68 and a 12 month high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

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

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.