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

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,734 shares, a drop of 51.6% from the August 15th total of 5,652 shares. Based on an average daily volume of 38,010 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of John Hancock Mortgage-Backed Securities ETF by 3.8% during the 4th quarter. HighTower Advisors LLC now owns 1,069,309 shares of the company’s stock worth $23,696,000 after acquiring an additional 38,986 shares during the last quarter. Fidelity D & D Bancorp Inc. increased its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 26.1% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 386,870 shares of the company’s stock valued at $8,573,000 after acquiring an additional 80,153 shares during the period. J. R. Prunier Capital Management LLC raised its holdings in John Hancock Mortgage-Backed Securities ETF by 26.5% in the first quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock worth $1,728,000 after purchasing an additional 16,427 shares in the last quarter. Finally, Cadence Wealth Management LLC raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% during the 1st quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after acquiring an additional 1,845 shares in the last quarter.

John Hancock Mortgage-Backed Securities ETF Stock Performance

JHMB remained flat at $21.22 on Tuesday. The company had a trading volume of 14,755 shares, compared to its average volume of 44,533. The company’s 50-day moving average is $21.66 and its two-hundred day moving average is $21.90. John Hancock Mortgage-Backed Securities ETF has a 12 month low of $21.19 and a 12 month high of $22.60.

John Hancock Mortgage-Backed Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were given a dividend of $0.0996 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a positive change from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 29th.

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.