Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Declines By 45.7%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 10,786 shares, a decrease of 45.7% from the May 14th total of 19,871 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 5,337 shares, the days-to-cover ratio is currently 2.0 days.

John Hancock Dynamic Municipal Bond ETF Stock Down 0.0%

Shares of NYSEARCA JHMU traded down $0.01 on Friday, hitting $26.25. The company had a trading volume of 375 shares, compared to its average volume of 4,783. John Hancock Dynamic Municipal Bond ETF has a 12-month low of $25.27 and a 12-month high of $26.70. The business has a 50 day moving average of $26.17 and a two-hundred day moving average of $26.26. The firm has a market capitalization of $43.31 million, a P/E ratio of 15.71 and a beta of 0.19.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the fourth quarter valued at $990,000. Wealth Enhancement Advisory Services LLC lifted its position in John Hancock Dynamic Municipal Bond ETF by 7.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,569 shares of the company’s stock worth $356,000 after acquiring an additional 952 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in John Hancock Dynamic Municipal Bond ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,354 shares of the company’s stock valued at $1,413,000 after buying an additional 2,070 shares during the last quarter. Cetera Investment Advisers grew its holdings in John Hancock Dynamic Municipal Bond ETF by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 51,734 shares of the company’s stock valued at $1,353,000 after buying an additional 2,079 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the fourth quarter valued at $2,218,000.

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.