John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Up 14.7% in February

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 17,324 shares, an increase of 14.7% from the February 12th total of 15,100 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 4,653 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily volume of 4,653 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.1% of the shares of the stock are sold short.

John Hancock Dynamic Municipal Bond ETF Stock Performance

JHMU traded down $0.07 during trading on Tuesday, reaching $26.27. 517 shares of the company’s stock were exchanged, compared to its average volume of 3,691. The company’s fifty day moving average price is $26.45 and its 200-day moving average price is $26.23. The firm has a market capitalization of $41.51 million, a PE ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a fifty-two week low of $24.68 and a fifty-two week high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

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

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $91,000. Citadel Advisors LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $237,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter valued at about $329,000. Capital Analysts LLC grew its stake in 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 acquiring an additional 4,798 shares during the period. Finally, Kingsview Wealth Management LLC bought a new position in John Hancock Dynamic Municipal Bond ETF in the 4th quarter valued at about $990,000.

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.