John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Down 38.2% in June

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 6,245 shares, a decrease of 38.2% from the June 15th total of 10,101 shares. Based on an average daily volume of 1,980 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.4% of the shares of the company are short sold.

John Hancock Dynamic Municipal Bond ETF Price Performance

NYSEARCA:JHMU opened at $26.14 on Friday. The firm’s fifty day moving average price is $26.22 and its 200 day moving average price is $26.28. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.27 and a 1-year high of $26.70. The firm has a market cap of $43.65 million, a price-to-earnings ratio of 15.71 and a beta of 0.18.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. &PARTNERS increased its stake in shares of John Hancock Dynamic Municipal Bond ETF by 8.6% during the fourth quarter. &PARTNERS now owns 90,393 shares of the company’s stock worth $2,365,000 after acquiring an additional 7,172 shares during the period. Captrust Financial Advisors purchased a new stake in John Hancock Dynamic Municipal Bond ETF in the 4th quarter valued at approximately $2,218,000. Cetera Investment Advisers boosted its holdings 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 purchasing an additional 7,407 shares in the last quarter. Jane Street Group LLC increased its position in John Hancock Dynamic Municipal Bond ETF by 90.9% during the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $1,371,000 after purchasing an additional 25,356 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in John Hancock Dynamic Municipal Bond ETF during the 4th quarter worth approximately $990,000.

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.