Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Declines By 57.4%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,313 shares, a decline of 57.4% from the August 15th total of 12,463 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 4,292 shares, the days-to-cover ratio is currently 1.2 days.

John Hancock Dynamic Municipal Bond ETF Price Performance

Shares of JHMU traded down $0.04 during mid-day trading on Tuesday, hitting $25.26. The stock had a trading volume of 3,431 shares, compared to its average volume of 5,304. John Hancock Dynamic Municipal Bond ETF has a 52 week low of $25.25 and a 52 week high of $26.70. The business has a fifty day moving average price of $25.88 and a 200-day moving average price of $26.10. The firm has a market cap of $42.18 million, a P/E ratio of 15.71 and a beta of 0.19.

John Hancock Dynamic Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 29th were given a $0.0942 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. This is an increase from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, July 29th.

Institutional Investors Weigh In On John Hancock Dynamic Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital Analysts LLC lifted its stake in John Hancock Dynamic Municipal Bond ETF by 12.0% in the 2nd quarter. Capital Analysts LLC now owns 27,059 shares of the company’s stock worth $712,000 after purchasing an additional 2,895 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter valued at about $217,000. Citadel Advisors LLC bought a new position in John Hancock Dynamic Municipal Bond ETF during the second quarter valued at approximately $397,000. Pine Valley Investments Ltd Liability Co bought a new position in shares of John Hancock Dynamic Municipal Bond ETF during the 1st quarter valued at $313,000. Finally, Royal Bank of Canada purchased a new position in shares of John Hancock Dynamic Municipal Bond ETF in the first quarter worth about $592,000.

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.