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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a large drop in short interest during 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. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 5,337 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of large investors have recently modified their holdings of JHMU. Captrust Financial Advisors bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 4th quarter valued at about $2,218,000. Kingsview Wealth Management LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 4th quarter valued at about $990,000. Jane Street Group LLC boosted its stake in shares of 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 valued at $1,371,000 after purchasing an additional 25,356 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter valued at about $592,000. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter valued at about $313,000.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.1%

Shares of JHMU traded up $0.02 during trading hours on Tuesday, reaching $26.30. 807 shares of the company traded hands, compared to its average volume of 4,706. The company’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $26.26. The company has a market capitalization of $43.40 million, a price-to-earnings ratio of 15.71 and a beta of 0.19. John Hancock Dynamic Municipal Bond ETF has a 12 month low of $25.27 and a 12 month high of $26.70.

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.