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

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 22,094 shares, an increase of 40.5% from the December 31st total of 15,729 shares. Based on an average trading volume of 3,448 shares, the short-interest ratio is presently 6.4 days. Currently, 1.4% of the company’s shares are short sold. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 3,448 shares, the short-interest ratio is presently 6.4 days.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:JHMU traded up $0.06 on Friday, reaching $26.41. The company had a trading volume of 3,719 shares, compared to its average volume of 3,191. The firm has a market capitalization of $40.94 million, a PE 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 $26.44. The firm’s 50 day simple moving average is $26.25 and its 200-day simple moving average is $26.00.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHMU. Advisory Services Network LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth approximately $91,000. Citadel Advisors LLC purchased a new stake in John Hancock Dynamic Municipal Bond ETF in the third quarter valued at $237,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at $329,000. Landmark Wealth Management LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter worth $570,000. Finally, Envestnet Asset Management Inc. increased its position in shares of 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 worth $1,336,000 after purchasing an additional 4,400 shares during the last quarter.

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.