John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Sees Significant Decrease in Short Interest

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 6,245 shares, a decrease of 38.2% from the June 15th total of 10,101 shares. Based on an average trading volume of 1,980 shares, the short-interest ratio is currently 3.2 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JHMU. Advisory Services Network LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF in the third quarter worth about $91,000. Citadel Advisors LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the third quarter valued at approximately $237,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the first quarter valued at approximately $313,000. Wealth Enhancement Advisory Services LLC increased its position in shares of John Hancock Dynamic Municipal Bond ETF by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,569 shares of the company’s stock valued at $356,000 after acquiring an additional 952 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in John Hancock Dynamic Municipal Bond ETF by 28.9% in the 4th quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock worth $559,000 after acquiring an additional 4,798 shares during the last quarter.

John Hancock Dynamic Municipal Bond ETF Price Performance

JHMU opened at $26.14 on Friday. The stock has a 50-day moving average price of $26.21 and a 200-day moving average price of $26.28. The firm has a market cap of $43.65 million, a PE ratio of 15.71 and a beta of 0.18. John Hancock Dynamic Municipal Bond ETF has a 1 year low of $25.27 and a 1 year high of $26.70.

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.