John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Sees Large Growth in Short Interest

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 23,600 shares, a growth of 286.9% from the August 31st total of 6,100 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 3.1 days. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 3.1 days.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHMU. Envestnet Asset Management Inc. increased its stake in shares of John Hancock Dynamic Municipal Bond ETF by 181.0% in the first quarter. Envestnet Asset Management Inc. now owns 47,884 shares of the company’s stock worth $1,233,000 after purchasing an additional 30,841 shares in the last quarter. Jane Street Group LLC boosted its holdings in John Hancock Dynamic Municipal Bond ETF by 90.9% in the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $1,371,000 after buying an additional 25,356 shares during the period. Landmark Wealth Management LLC bought a new position in John Hancock Dynamic Municipal Bond ETF in the 2nd quarter worth $570,000. Finally, Cadence Bank bought a new position in John Hancock Dynamic Municipal Bond ETF in the 1st quarter worth $397,000.

John Hancock Dynamic Municipal Bond ETF Stock Performance

Shares of NYSEARCA:JHMU opened at $26.04 on Friday. John Hancock Dynamic Municipal Bond ETF has a fifty-two week low of $24.68 and a fifty-two week high of $26.82. The business has a 50-day simple moving average of $25.72 and a two-hundred day simple moving average of $25.56. The firm has a market cap of $30.47 million, a price-to-earnings ratio of 15.71 and a beta of 0.08.

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.