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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 51,982 shares, an increase of 131.3% from the September 30th total of 22,474 shares. Based on an average trading volume of 207,711 shares, the short-interest ratio is presently 0.3 days. Approximately 1.4% of the shares of the company are short sold.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.2%

Shares of NYSEARCA:JHMU traded up $0.06 during trading on Friday, hitting $25.54. 5,610 shares of the company traded hands, compared to its average volume of 18,876. The business’s fifty day moving average is $25.24 and its 200-day moving average is $25.98. The stock has a market capitalization of $95.01 million, a price-to-earnings ratio of 15.71 and a beta of 0.21. John Hancock Dynamic Municipal Bond ETF has a one year low of $24.49 and a one year high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 28th will be given a dividend of $0.0434 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.0%. This is a decrease from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0760.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in John Hancock Dynamic Municipal Bond ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 78,027 shares of the company’s stock valued at $2,054,000 after buying an additional 468 shares during the last quarter. Cetera Investment Advisers grew its position in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% during the first quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock worth $1,535,000 after acquiring an additional 7,407 shares during the last quarter. Capital Analysts LLC grew its position in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% during the second quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock worth $712,000 after acquiring an additional 2,895 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 1st quarter worth about $592,000. Finally, Citadel Advisors LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 2nd quarter worth about $397,000.

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.