Short Interest in John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Declines By 32.7%

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 5,652 shares, a drop of 32.7% from the July 30th total of 8,393 shares. Based on an average trading volume of 22,757 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

John Hancock Mortgage-Backed Securities ETF Stock Performance

JHMB traded down $0.06 during midday trading on Tuesday, reaching $21.49. 25,525 shares of the company’s stock were exchanged, compared to its average volume of 45,106. The business’s 50-day moving average price is $21.77 and its 200 day moving average price is $21.98. John Hancock Mortgage-Backed Securities ETF has a 1-year low of $21.48 and a 1-year high of $22.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management acquired a new stake in John Hancock Mortgage-Backed Securities ETF during the 3rd quarter valued at $44,000. NewEdge Advisors LLC raised its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 2,450.0% in the fourth quarter. NewEdge Advisors LLC now owns 8,160 shares of the company’s stock worth $181,000 after acquiring an additional 7,840 shares during the last quarter. High Falls Advisors Inc purchased a new stake in shares of John Hancock Mortgage-Backed Securities ETF in the second quarter valued at $208,000. Cadence Wealth Management LLC purchased a new stake in shares of John Hancock Mortgage-Backed Securities ETF in the fourth quarter valued at $281,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of John Hancock Mortgage-Backed Securities ETF by 15.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,415 shares of the company’s stock valued at $297,000 after acquiring an additional 1,819 shares during the last quarter.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.