John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Down 38.2% in June

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,245 shares, a decrease of 38.2% from the June 15th total of 10,101 shares. Based on an average trading volume of 1,980 shares, the short-interest ratio is currently 3.2 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of John Hancock Dynamic Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co purchased a new stake in John Hancock Dynamic Municipal Bond ETF during the first quarter worth about $313,000. Royal Bank of Canada purchased a new position in John Hancock Dynamic Municipal Bond ETF in the first quarter valued at about $592,000. Cetera Investment Advisers lifted its position in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% during the 1st quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after acquiring an additional 7,407 shares during the period. Captrust Financial Advisors acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 4th quarter worth approximately $2,218,000. Finally, &PARTNERS grew its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 8.6% in the 4th quarter. &PARTNERS now owns 90,393 shares of the company’s stock worth $2,365,000 after acquiring an additional 7,172 shares during the period.

John Hancock Dynamic Municipal Bond ETF Stock Performance

John Hancock Dynamic Municipal Bond ETF stock opened at $26.14 on Friday. John Hancock Dynamic Municipal Bond ETF has a one year low of $25.27 and a one year high of $26.70. The business has a fifty day moving average of $26.22 and a two-hundred day moving average of $26.28. The company has a market cap of $43.65 million, a P/E ratio of 15.71 and a beta of 0.18.

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.