John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Stock Short Interest Report for September

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 22,474 shares, an increase of 251.3% from the September 15th total of 6,397 shares. Based on an average trading volume of 12,145 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 78,027 shares of the company’s stock valued at $2,054,000 after acquiring an additional 468 shares in the last quarter. Cetera Investment Advisers increased its stake 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 worth $1,535,000 after acquiring an additional 7,407 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 12.0% during the second quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock worth $712,000 after acquiring an additional 2,895 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the first quarter worth $592,000. Finally, Citadel Advisors LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF during the second quarter valued at $397,000.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.6%

Shares of JHMU traded up $0.15 during trading hours on Friday, reaching $24.80. The company’s stock had a trading volume of 1,663,805 shares, compared to its average volume of 16,879. The company has a 50 day moving average of $25.44 and a two-hundred day moving average of $25.90. The firm has a market cap of $52.58 million, a price-to-earnings ratio of 15.71 and a beta of 0.21. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $24.49 and a 1-year high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a $0.0760 dividend. The ex-dividend date was Monday, September 28th. This represents a $0.91 annualized dividend and a yield of 3.7%. This is a drop from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0847.

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.