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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,245 shares, a drop of 38.2% from the June 15th total of 10,101 shares. Based on an average trading volume of 1,980 shares, the short-interest ratio is presently 3.2 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors bought a new stake in John Hancock Dynamic Municipal Bond ETF during the fourth quarter valued at about $2,218,000. Kingsview Wealth Management LLC acquired a new position in John Hancock Dynamic Municipal Bond ETF during the 4th quarter valued at approximately $990,000. Jane Street Group LLC increased its position in shares of John Hancock Dynamic Municipal Bond ETF by 90.9% in the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $1,371,000 after acquiring an additional 25,356 shares during the period. Royal Bank of Canada purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter worth about $592,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in John Hancock Dynamic Municipal Bond ETF during the 1st quarter worth approximately $313,000.

John Hancock Dynamic Municipal Bond ETF Price Performance

John Hancock Dynamic Municipal Bond ETF stock opened at $26.14 on Friday. The stock has a market cap of $43.65 million, a price-to-earnings ratio of 15.71 and a beta of 0.18. The firm has a 50-day moving average of $26.21 and a two-hundred day moving average of $26.28. John Hancock Dynamic Municipal Bond ETF has a 1 year low of $25.27 and a 1 year high of $26.70.

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.