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

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,736 shares, an increase of 1,748.9% from the September 15th total of 797 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 133,031 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JHMB. Fidelity D & D Bancorp Inc. lifted its position in John Hancock Mortgage-Backed Securities ETF by 7.1% during the first quarter. Fidelity D & D Bancorp Inc. now owns 414,145 shares of the company’s stock valued at $9,117,000 after purchasing an additional 27,275 shares during the period. J. R. Prunier Capital Management LLC grew its position in 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 during the period. Finally, Cadence Wealth Management LLC raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% during the 1st 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 during the last quarter.

John Hancock Mortgage-Backed Securities ETF Price Performance

NYSEARCA:JHMB traded up $0.02 during midday trading on Friday, hitting $20.87. The company’s stock had a trading volume of 41,064 shares, compared to its average volume of 51,126. John Hancock Mortgage-Backed Securities ETF has a fifty-two week low of $20.59 and a fifty-two week high of $22.60. The firm’s 50 day moving average is $21.36 and its 200-day moving average is $21.73.

John Hancock Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.0837 dividend. This is a decrease from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0930. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.00 annualized dividend and a dividend yield of 4.8%.

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.