Short Interest in John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Declines By 45.7%

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 10,786 shares, a drop of 45.7% from the May 14th total of 19,871 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 5,337 shares, the days-to-cover ratio is currently 2.0 days.

John Hancock Dynamic Municipal Bond ETF Stock Performance

Shares of JHMU traded down $0.01 during mid-day trading on Friday, hitting $26.25. 375 shares of the stock were exchanged, compared to its average volume of 4,783. The company has a market cap of $43.31 million, a PE ratio of 15.71 and a beta of 0.19. The firm has a 50-day moving average of $26.17 and a two-hundred day moving average of $26.26. John Hancock Dynamic Municipal Bond ETF has a 52-week low of $25.27 and a 52-week high of $26.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF during the third quarter worth about $91,000. Citadel Advisors LLC purchased a new stake in John Hancock Dynamic Municipal Bond ETF in the 3rd quarter valued at about $237,000. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF in the 1st quarter valued at $313,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of John Hancock Dynamic Municipal Bond ETF by 7.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,569 shares of the company’s stock valued at $356,000 after acquiring an additional 952 shares in the last quarter. Finally, Capital Analysts LLC raised its position 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 purchasing an additional 4,798 shares in the last quarter.

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.