John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Update

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 17,988 shares, a drop of 18.6% from the January 15th total of 22,094 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 3,028 shares, the short-interest ratio is currently 5.9 days. Based on an average daily volume of 3,028 shares, the short-interest ratio is currently 5.9 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of John Hancock Dynamic Municipal Bond ETF by 90.9% during the first 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 last quarter. Envestnet Asset Management Inc. increased its stake in John Hancock Dynamic Municipal Bond ETF by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 52,284 shares of the company’s stock valued at $1,336,000 after buying an additional 4,400 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $329,000. Citadel Advisors LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter worth $237,000. Finally, Advisory Services Network LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter worth $91,000.

John Hancock Dynamic Municipal Bond ETF Price Performance

Shares of NYSEARCA:JHMU traded up $0.01 on Monday, reaching $26.61. The company’s stock had a trading volume of 730 shares, compared to its average volume of 3,234. John Hancock Dynamic Municipal Bond ETF has a 52-week low of $24.68 and a 52-week high of $26.62. The stock has a market capitalization of $42.04 million, a P/E ratio of 15.71 and a beta of 0.22. The stock’s 50-day moving average is $26.31 and its two-hundred day moving average is $26.09.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.0502 per share. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, January 28th.

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.