John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Down 57.4% in August

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,313 shares, a drop of 57.4% from the August 15th total of 12,463 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,292 shares, the short-interest ratio is presently 1.2 days.

John Hancock Dynamic Municipal Bond ETF Price Performance

NYSEARCA JHMU traded down $0.06 on Monday, reaching $25.30. The stock had a trading volume of 15,988 shares, compared to its average volume of 5,315. The firm has a fifty day moving average of $25.90 and a two-hundred day moving average of $26.11. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.26 and a 1-year high of $26.70. The company has a market cap of $42.25 million, a P/E ratio of 15.71 and a beta of 0.19.

John Hancock Dynamic Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 29th were given a $0.0942 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This is a boost from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of hedge funds have recently bought and sold shares of JHMU. NewEdge Advisors LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF in the 2nd quarter worth about $217,000. Pine Valley Investments Ltd Liability Co bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the first quarter worth approximately $313,000. Citadel Advisors LLC bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the second quarter worth approximately $397,000. Royal Bank of Canada acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter valued at approximately $592,000. Finally, Capital Analysts LLC raised its position in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% in the second quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock valued at $712,000 after buying an additional 2,895 shares in the last quarter.

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.