John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Short Interest Down 89.1% in July

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,393 shares, a drop of 89.1% from the July 15th total of 76,878 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 27,993 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JHMB. Private Advisor Group LLC boosted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 57.3% during the 4th quarter. Private Advisor Group LLC now owns 1,085,694 shares of the company’s stock worth $24,059,000 after buying an additional 395,575 shares during the period. LPL Financial LLC raised its holdings in John Hancock Mortgage-Backed Securities ETF by 13.9% in the 4th quarter. LPL Financial LLC now owns 1,333,491 shares of the company’s stock valued at $29,550,000 after acquiring an additional 162,580 shares during the period. Peak Wealth Management LLC acquired a new stake in John Hancock Mortgage-Backed Securities ETF during the fourth quarter worth approximately $3,528,000. Goldman Sachs Group Inc. lifted its position in John Hancock Mortgage-Backed Securities ETF by 1,109.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 153,916 shares of the company’s stock worth $3,411,000 after acquiring an additional 141,193 shares during the last quarter. Finally, Great Valley Advisor Group Inc. bought a new stake in shares of John Hancock Mortgage-Backed Securities ETF during the second quarter worth approximately $2,922,000.

John Hancock Mortgage-Backed Securities ETF Stock Up 0.2%

Shares of JHMB stock traded up $0.05 on Thursday, reaching $21.74. The stock had a trading volume of 31,244 shares, compared to its average volume of 45,880. John Hancock Mortgage-Backed Securities ETF has a 12 month low of $21.53 and a 12 month high of $22.60. The firm’s 50-day moving average is $21.83 and its two-hundred day moving average is $22.02.

John Hancock Mortgage-Backed Securities ETF Company Profile

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.