John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Sees Large Growth in Short Interest

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 19,520 shares, a growth of 73.4% from the May 31st total of 11,259 shares. Based on an average daily volume of 35,346 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

John Hancock Mortgage-Backed Securities ETF Trading Up 0.1%

JHMB stock traded up $0.03 during trading on Thursday, hitting $21.92. 115,261 shares of the stock traded hands, compared to its average volume of 49,770. The company has a 50 day simple moving average of $21.94 and a 200 day simple moving average of $22.13. John Hancock Mortgage-Backed Securities ETF has a one year low of $21.56 and a one year high of $22.60.

Institutional Investors Weigh In On John Hancock Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHMB. NewEdge Advisors LLC raised its holdings in John Hancock Mortgage-Backed Securities ETF by 1,917.1% in the 1st quarter. NewEdge Advisors LLC now owns 39,475 shares of the company’s stock valued at $864,000 after acquiring an additional 37,518 shares during the period. Goldman Sachs Group Inc. acquired a new position in John Hancock Mortgage-Backed Securities ETF during the 1st quarter worth approximately $306,000. Jane Street Group LLC purchased a new stake in John Hancock Mortgage-Backed Securities ETF in the 1st quarter valued at $865,000. JPMorgan Chase & Co. raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 608.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 34,420 shares of the company’s stock worth $753,000 after purchasing an additional 29,564 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new stake in John Hancock Mortgage-Backed Securities ETF during the second quarter worth about $2,922,000.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.