John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Up 26.2% in March

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

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in JHMU. Advisory Services Network LLC bought a new position in John Hancock Dynamic Municipal Bond ETF in the 3rd quarter worth approximately $91,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at approximately $329,000. &PARTNERS boosted its position in shares of John Hancock Dynamic Municipal Bond ETF by 8.6% in the fourth quarter. &PARTNERS now owns 90,393 shares of the company’s stock valued at $2,365,000 after acquiring an additional 7,172 shares during the period. Captrust Financial Advisors acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the fourth quarter worth $2,218,000. Finally, Jane Street Group LLC grew its stake in shares of John Hancock Dynamic Municipal Bond ETF by 90.9% in the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $1,371,000 after acquiring an additional 25,356 shares during the last quarter.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.3%

JHMU traded up $0.08 during trading on Monday, hitting $25.92. The stock had a trading volume of 4,378 shares, compared to its average volume of 4,156. The firm has a market cap of $40.95 million, a PE ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a 12 month low of $24.68 and a 12 month high of $26.70. The company has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $26.26.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders 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 dividend yield of 2.3%.

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.