Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Grows By 206.8%

by · The Cerbat Gem

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,885 shares, a growth of 206.8% from the July 15th total of 4,526 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 10,025 shares, the short-interest ratio is currently 1.4 days.

John Hancock Dynamic Municipal Bond ETF Trading Down 0.3%

JHMU stock traded down $0.07 during midday trading on Friday, hitting $25.99. The company had a trading volume of 10,565 shares, compared to its average volume of 5,215. John Hancock Dynamic Municipal Bond ETF has a 52 week low of $25.40 and a 52 week high of $26.70. The stock’s 50 day moving average price is $26.14 and its 200 day moving average price is $26.23. The stock has a market cap of $43.40 million, a price-to-earnings ratio of 15.71 and a beta of 0.19.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in JHMU. Cetera Investment Advisers grew its holdings in John Hancock Dynamic Municipal Bond ETF by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 51,734 shares of the company’s stock worth $1,353,000 after acquiring an additional 2,079 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter valued at about $91,000. Capital Analysts LLC raised its stake in shares of John Hancock Dynamic Municipal Bond ETF by 28.9% during the fourth quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock valued at $559,000 after acquiring an additional 4,798 shares during the last quarter. &PARTNERS boosted its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 8.6% during the fourth quarter. &PARTNERS now owns 90,393 shares of the company’s stock worth $2,365,000 after purchasing an additional 7,172 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter worth about $237,000.

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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