John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Sees Large Growth in Short Interest

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 19,520 shares, an increase of 73.4% from the May 31st total of 11,259 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 35,346 shares, the short-interest ratio is presently 0.6 days.

John Hancock Mortgage-Backed Securities ETF Price Performance

JHMB opened at $21.93 on Friday. The firm’s fifty day moving average price is $21.93 and its 200 day moving average price is $22.13. John Hancock Mortgage-Backed Securities ETF has a 12-month low of $21.56 and a 12-month high of $22.60.

Institutional Investors Weigh In On John Hancock Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FFG Retirement Advisors LLC raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 0.4% in the 4th quarter. FFG Retirement Advisors LLC now owns 325,944 shares of the company’s stock valued at $7,223,000 after purchasing an additional 1,243 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of John Hancock Mortgage-Backed Securities ETF by 15.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,415 shares of the company’s stock worth $297,000 after purchasing an additional 1,819 shares during the last quarter. Cadence Wealth Management LLC grew its stake in John Hancock Mortgage-Backed Securities ETF by 14.5% in the first quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after purchasing an additional 1,845 shares in the last quarter. Triumph Capital Management acquired a new position in John Hancock Mortgage-Backed Securities ETF in the third quarter worth about $44,000. Finally, Great Valley Advisor Group Inc. increased its holdings in John Hancock Mortgage-Backed Securities ETF by 1.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 135,726 shares of the company’s stock valued at $3,008,000 after buying an additional 2,437 shares during the last quarter.

John Hancock Mortgage-Backed Securities ETF Company Profile

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. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.