Short Interest in John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Declines By 89.1%

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 8,393 shares, a decline of 89.1% from the July 15th total of 76,878 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,993 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new position in John Hancock Mortgage-Backed Securities ETF during the 3rd quarter valued at about $44,000. NewEdge Advisors LLC grew its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 2,450.0% during the fourth quarter. NewEdge Advisors LLC now owns 8,160 shares of the company’s stock valued at $181,000 after buying an additional 7,840 shares during the last quarter. High Falls Advisors Inc bought a new stake in shares of John Hancock Mortgage-Backed Securities ETF during the second quarter valued at approximately $208,000. Cadence Wealth Management LLC bought a new stake in shares of John Hancock Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $281,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in John Hancock Mortgage-Backed Securities ETF by 15.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,415 shares of the company’s stock worth $297,000 after acquiring an additional 1,819 shares during the last quarter.

John Hancock Mortgage-Backed Securities ETF Price Performance

Shares of JHMB stock traded up $0.04 on Wednesday, hitting $21.68. 7,426 shares of the company’s stock traded hands, compared to its average volume of 45,931. The company’s fifty day simple moving average is $21.83 and its 200 day simple moving average is $22.03. John Hancock Mortgage-Backed Securities ETF has a one year low of $21.53 and a one year high of $22.60.

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.