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

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 797 shares, a drop of 70.8% from the August 31st total of 2,734 shares. Based on an average daily volume of 33,099 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

John Hancock Mortgage-Backed Securities ETF Trading Down 0.9%

Shares of John Hancock Mortgage-Backed Securities ETF stock traded down $0.18 during trading on Monday, reaching $20.85. The company’s stock had a trading volume of 73,412 shares, compared to its average volume of 43,898. John Hancock Mortgage-Backed Securities ETF has a one year low of $20.74 and a one year high of $22.60. The business’s fifty day moving average price is $21.52 and its 200-day moving average price is $21.82.

John Hancock Mortgage-Backed Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th will be issued a $0.0837 dividend. This is a negative change from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0930. The ex-dividend date of this dividend is Monday, September 28th. This represents a $1.00 annualized dividend and a yield of 4.8%.

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

Institutional investors have recently added to or reduced their stakes in the stock. J. R. Prunier Capital Management LLC increased its position in shares of John Hancock Mortgage-Backed Securities ETF by 26.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock worth $1,728,000 after purchasing an additional 16,427 shares in the last quarter. Cadence Wealth Management LLC boosted its position 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 valued at $320,000 after buying an additional 1,845 shares in the last quarter. Finally, Fidelity D & D Bancorp Inc. boosted its position in John Hancock Mortgage-Backed Securities ETF by 7.1% in the first quarter. Fidelity D & D Bancorp Inc. now owns 414,145 shares of the company’s stock valued at $9,117,000 after buying an additional 27,275 shares in the last quarter.

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.