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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 21,862 shares, an increase of 26.2% from the February 26th total of 17,324 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 4,335 shares, the days-to-cover ratio is currently 5.0 days.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.3%

JHMU traded up $0.08 during midday trading on Monday, reaching $25.92. 4,378 shares of the company’s stock were exchanged, compared to its average volume of 4,156. The business has a 50-day simple moving average of $26.41 and a two-hundred day simple moving average of $26.26. The firm has a market capitalization of $40.95 million, a price-to-earnings ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a one year low of $24.68 and a one year high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a dividend of $0.0486 per share. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, February 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JHMU. Cetera Investment Advisers boosted its stake in shares of 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 valued at $1,353,000 after purchasing an additional 2,079 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF during the fourth quarter worth approximately $2,218,000. &PARTNERS grew its stake 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 valued at $2,365,000 after purchasing an additional 7,172 shares during the last quarter. Capital Analysts LLC increased its holdings 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 in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in John Hancock Dynamic Municipal Bond ETF in the 4th quarter worth approximately $990,000.

About John Hancock Dynamic Municipal Bond ETF

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.