John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Sees Significant Increase in Short Interest

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 13,885 shares, an increase of 206.8% from the July 15th total of 4,526 shares. Based on an average trading volume of 10,025 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.8% of the company’s shares are sold short.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.3%

John Hancock Dynamic Municipal Bond ETF stock traded up $0.07 during trading on Thursday, hitting $26.06. The company had a trading volume of 3,004 shares, compared to its average volume of 5,181. The stock has a market cap of $43.52 million, a price-to-earnings ratio of 15.71 and a beta of 0.19. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.40 and a 1-year high of $26.70. The company’s 50 day simple moving average is $26.15 and its 200-day simple moving average is $26.23.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in John Hancock Dynamic Municipal Bond ETF during the 4th quarter worth approximately $2,218,000. Kingsview Wealth Management LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $990,000. Jane Street Group LLC boosted its position in 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 buying an additional 25,356 shares during the period. Royal Bank of Canada acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter worth $592,000. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter worth $313,000.

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.