Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Decreases By 16.1%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 15,100 shares, a decline of 16.1% from the January 29th total of 17,988 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 3,346 shares, the short-interest ratio is presently 4.5 days. Based on an average daily volume of 3,346 shares, the short-interest ratio is presently 4.5 days. Currently, 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several large investors have recently bought and sold shares of JHMU. Advisory Services Network LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $91,000. Citadel Advisors LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at approximately $237,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at approximately $329,000. 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 during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the fourth quarter worth approximately $990,000.

John Hancock Dynamic Municipal Bond ETF Stock Performance

NYSEARCA:JHMU remained flat at $26.47 during trading hours on Wednesday. The company’s stock had a trading volume of 2,936 shares, compared to its average volume of 3,710. John Hancock Dynamic Municipal Bond ETF has a 12 month low of $24.68 and a 12 month high of $26.70. The business’s 50-day moving average price is $26.41 and its 200-day moving average price is $26.18. The firm has a market capitalization of $41.82 million, a P/E ratio of 15.71 and a beta of 0.22.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.0486 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%.

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.