John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Short Interest Up 206.8% in July

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,885 shares, a growth of 206.8% from the July 15th total of 4,526 shares. Based on an average daily volume of 10,025 shares, the short-interest ratio is presently 1.4 days. Currently, 0.8% of the company’s shares are sold short.

John Hancock Dynamic Municipal Bond ETF Stock Up 0.3%

NYSEARCA:JHMU traded up $0.07 on Thursday, hitting $26.06. The stock had a trading volume of 3,004 shares, compared to its average volume of 5,181. The company has a fifty day moving average price of $26.15 and a two-hundred day moving average price of $26.23. John Hancock Dynamic Municipal Bond ETF has a 1-year low of $25.40 and a 1-year high of $26.70. The stock has a market cap of $43.52 million, a price-to-earnings ratio of 15.71 and a beta of 0.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JHMU. Jane Street Group LLC raised its position in John Hancock Dynamic Municipal Bond ETF by 90.9% in the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $1,371,000 after purchasing an additional 25,356 shares during the period. Citadel Advisors LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $237,000. Advisory Services Network LLC purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 3rd quarter worth $91,000. Kingsview Wealth Management LLC acquired a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 4th quarter worth about $990,000. Finally, Capital Analysts LLC raised its holdings in John Hancock Dynamic Municipal Bond ETF by 28.9% in the 4th quarter. Capital Analysts LLC now owns 21,395 shares of the company’s stock valued at $559,000 after buying an additional 4,798 shares during the period.

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.