Short Interest in John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Drops By 89.1%

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,393 shares, a decrease of 89.1% from the July 15th total of 76,878 shares. Based on an average trading volume of 27,993 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

John Hancock Mortgage-Backed Securities ETF Price Performance

JHMB opened at $21.74 on Friday. John Hancock Mortgage-Backed Securities ETF has a 1 year low of $21.53 and a 1 year high of $22.60. The stock has a fifty day moving average price of $21.83 and a 200 day moving average price of $22.02.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JHMB. Steward Partners Investment Advisory LLC grew its stake in shares of John Hancock Mortgage-Backed Securities ETF by 15.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,415 shares of the company’s stock valued at $297,000 after buying an additional 1,819 shares in the last quarter. Cadence Wealth Management LLC increased its holdings in John Hancock Mortgage-Backed Securities ETF by 14.5% in the first quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after buying an additional 1,845 shares during the last quarter. Triumph Capital Management bought a new position in John Hancock Mortgage-Backed Securities ETF during the third quarter valued at approximately $44,000. Great Valley Advisor Group Inc. raised its position in John Hancock Mortgage-Backed Securities ETF by 1.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 135,726 shares of the company’s stock valued at $3,008,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in John Hancock Mortgage-Backed Securities ETF by 68.2% in the fourth quarter. Osaic Holdings Inc. now owns 17,612 shares of the company’s stock valued at $390,000 after acquiring an additional 7,142 shares during the last quarter.

John Hancock Mortgage-Backed Securities ETF Company Profile

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.