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

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

John Hancock Dynamic Municipal Bond ETF Stock Up 0.1%

JHMU stock traded up $0.03 during midday trading on Monday, hitting $26.28. The company’s stock had a trading volume of 760 shares, compared to its average volume of 4,747. John Hancock Dynamic Municipal Bond ETF has a 52-week low of $25.27 and a 52-week high of $26.70. The firm has a market capitalization of $43.36 million, a P/E ratio of 15.71 and a beta of 0.19. The firm has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $26.26.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. &PARTNERS boosted its position in John Hancock Dynamic Municipal Bond ETF by 8.6% in the 4th quarter. &PARTNERS now owns 90,393 shares of the company’s stock valued at $2,365,000 after buying an additional 7,172 shares during the period. Captrust Financial Advisors purchased a new position in John Hancock Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $2,218,000. Cetera Investment Advisers boosted its position in John Hancock Dynamic Municipal Bond ETF by 14.3% in the 1st quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after buying an additional 7,407 shares during the period. Envestnet Asset Management Inc. boosted its position 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 period. Finally, Jane Street Group LLC boosted its position in John Hancock Dynamic Municipal Bond ETF by 90.9% in the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $1,371,000 after buying an additional 25,356 shares during the period.

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.