John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Shares Shorted: Short Interest Down 79.3% in October

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,044 shares, a drop of 79.3% from the September 30th total of 14,736 shares. Based on an average daily trading volume, of 73,175 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. purchased a new stake in John Hancock Mortgage-Backed Securities ETF in the third quarter valued at $232,000. Cadence Wealth Management LLC raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% during the 1st quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock valued at $320,000 after buying an additional 1,845 shares during the last quarter. J. R. Prunier Capital Management LLC raised 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 valued at $1,728,000 after buying an additional 16,427 shares during the last quarter. Iams Wealth Management LLC raised its stake in shares of John Hancock Mortgage-Backed Securities ETF by 11.3% during the 3rd quarter. Iams Wealth Management LLC now owns 164,039 shares of the company’s stock valued at $3,410,000 after buying an additional 16,620 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. lifted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 7.1% in the 1st quarter. Fidelity D & D Bancorp Inc. now owns 414,145 shares of the company’s stock valued at $9,117,000 after buying an additional 27,275 shares during the period.

John Hancock Mortgage-Backed Securities ETF Stock Performance

JHMB traded up $0.10 during trading on Thursday, reaching $21.12. 28,166 shares of the company’s stock were exchanged, compared to its average volume of 51,976. John Hancock Mortgage-Backed Securities ETF has a 1 year low of $20.59 and a 1 year high of $22.57. The company’s fifty day simple moving average is $21.18 and its 200-day simple moving average is $21.82.

John Hancock Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th will be paid a $0.0949 dividend. The ex-dividend date is Wednesday, October 28th. This is an increase from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0837. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.4%.

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.