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

by · The Cerbat Gem

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 19,871 shares, an increase of 173.4% from the April 30th total of 7,267 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 6,125 shares, the short-interest ratio is presently 3.2 days.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA:JHMU traded up $0.01 during midday trading on Friday, hitting $26.19. The stock had a trading volume of 7,488 shares, compared to its average volume of 5,012. John Hancock Dynamic Municipal Bond ETF has a 1 year low of $25.27 and a 1 year high of $26.70. The stock has a 50 day moving average price of $26.12 and a two-hundred day moving average price of $26.26. The company has a market capitalization of $43.21 million, a PE ratio of 15.71 and a beta of 0.20.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at about $91,000. Citadel Advisors LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at about $237,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at about $329,000. Capital Analysts LLC lifted its stake in shares of John Hancock Dynamic Municipal Bond ETF by 28.9% in the fourth quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock valued at $559,000 after purchasing an additional 4,798 shares during the period. Finally, Royal Bank of Canada acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter valued at about $592,000.

About John Hancock Dynamic Municipal Bond ETF

(Get Free Report)

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.

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