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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 19,871 shares, an increase of 173.4% from the April 30th total of 7,267 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 6,125 shares, the short-interest ratio is presently 3.2 days.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. &PARTNERS boosted its holdings 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 in the last quarter. Captrust Financial Advisors purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the fourth quarter valued at about $2,218,000. Cetera Investment Advisers boosted its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after acquiring an additional 7,407 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 54,354 shares of the company’s stock valued at $1,413,000 after acquiring an additional 2,070 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings 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 valued at $1,371,000 after acquiring an additional 25,356 shares in the last quarter.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.0%

Shares of NYSEARCA:JHMU traded up $0.01 during midday trading on Friday, hitting $26.19. The stock had a trading volume of 7,488 shares, compared to its average volume of 5,012. The company has a market capitalization of $43.21 million, a PE ratio of 15.71 and a beta of 0.20. The stock has a 50 day moving average price of $26.12 and a two-hundred day moving average price of $26.26. John Hancock Dynamic Municipal Bond ETF has a 1 year low of $25.27 and a 1 year high of $26.70.

About John Hancock Dynamic Municipal Bond ETF

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.