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

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 76,878 shares, an increase of 203.3% from the June 30th total of 25,345 shares. Based on an average daily volume of 46,870 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.8% of the shares of the company are short sold.

John Hancock Mortgage-Backed Securities ETF Price Performance

JHMB traded up $0.03 during midday trading on Monday, hitting $21.73. 4,210 shares of the company were exchanged, compared to its average volume of 47,723. The company’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $22.08. John Hancock Mortgage-Backed Securities ETF has a 1-year low of $21.59 and a 1-year high of $22.60.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. J. R. Prunier Capital Management LLC grew its stake in shares of 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. Cadence Wealth Management LLC raised its position in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% in the first quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after acquiring an additional 1,845 shares during the period. Fidelity D & D Bancorp Inc. raised its position in shares of John Hancock Mortgage-Backed Securities ETF by 7.1% in the first quarter. Fidelity D & D Bancorp Inc. now owns 414,145 shares of the company’s stock worth $9,117,000 after acquiring an additional 27,275 shares during the period. NewEdge Advisors LLC boosted its stake in shares of John Hancock Mortgage-Backed Securities ETF by 2,450.0% during the 4th quarter. NewEdge Advisors LLC now owns 8,160 shares of the company’s stock worth $181,000 after acquiring an additional 7,840 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of John Hancock Mortgage-Backed Securities ETF during the 4th quarter worth about $404,000.

John Hancock Mortgage-Backed Securities ETF Company Profile

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.