John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Stock Short Interest Report for September

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 22,474 shares, an increase of 251.3% from the September 15th total of 6,397 shares. Based on an average daily volume of 12,145 shares, the short-interest ratio is presently 1.9 days. Currently, 1.1% of the company’s stock are short sold.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.6%

Shares of JHMU traded up $0.15 during midday trading on Friday, reaching $24.80. 1,663,805 shares of the stock were exchanged, compared to its average volume of 16,879. The company has a market cap of $52.58 million, a price-to-earnings ratio of 15.71 and a beta of 0.21. John Hancock Dynamic Municipal Bond ETF has a 12-month low of $24.49 and a 12-month high of $26.70. The firm has a 50 day simple moving average of $25.44 and a 200-day simple moving average of $25.90.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.0760 per share. The ex-dividend date of this dividend was Monday, September 28th. This is a drop from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0847. This represents a $0.91 annualized dividend and a yield of 3.7%.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

A number of institutional investors have recently added to or reduced their stakes in JHMU. Envestnet Asset Management Inc. grew its position 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 worth $2,054,000 after acquiring an additional 468 shares in the last quarter. Capital Analysts LLC increased its stake in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% during the 2nd quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock worth $712,000 after purchasing an additional 2,895 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% during the 1st quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after purchasing an additional 7,407 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter valued at $217,000. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter valued at $313,000.

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.