Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Expands By 14.7%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 17,324 shares, a growth of 14.7% from the February 12th total of 15,100 shares. Based on an average daily volume of 4,653 shares, the short-interest ratio is currently 3.7 days. Currently, 1.1% of the shares of the company are short sold. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 4,653 shares, the short-interest ratio is currently 3.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in John Hancock Dynamic Municipal Bond ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,284 shares of the company’s stock valued at $1,336,000 after purchasing an additional 4,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in John Hancock Dynamic Municipal Bond ETF by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,569 shares of the company’s stock worth $356,000 after purchasing an additional 952 shares during the period. Citadel Advisors LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the third quarter valued at $237,000. &PARTNERS increased its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 8.6% in the fourth quarter. &PARTNERS now owns 90,393 shares of the company’s stock valued at $2,365,000 after purchasing an additional 7,172 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of John Hancock Dynamic Municipal Bond ETF in the fourth quarter valued at about $2,218,000.

John Hancock Dynamic Municipal Bond ETF Stock Performance

John Hancock Dynamic Municipal Bond ETF stock opened at $26.28 on Thursday. The stock has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $26.24. The stock has a market capitalization of $41.52 million, a P/E ratio of 15.71 and a beta of 0.22. John Hancock Dynamic Municipal Bond ETF has a 52 week low of $24.68 and a 52 week high of $26.70.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.0486 per share. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, February 25th.

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.