John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Stock Short Interest Drops 79.3%

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) was the recipient of a significant drop in short interest in 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 trading volume of 73,175 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

John Hancock Mortgage-Backed Securities ETF Trading Up 0.3%

Shares of NYSEARCA JHMB opened at $21.19 on Tuesday. John Hancock Mortgage-Backed Securities ETF has a fifty-two week low of $20.59 and a fifty-two week high of $22.60. The stock has a fifty day moving average of $21.23 and a 200-day moving average of $21.84.

John Hancock Mortgage-Backed Securities ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a $0.0837 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.00 annualized dividend and a yield of 4.7%. This is a decrease from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0930.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fidelity D & D Bancorp Inc. grew its holdings in John Hancock Mortgage-Backed Securities ETF by 7.1% during 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 in the last quarter. Iams Wealth Management LLC increased its position in shares of John Hancock Mortgage-Backed Securities ETF by 11.3% during the third 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 period. J. R. Prunier Capital Management LLC lifted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 26.5% in the first quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock worth $1,728,000 after buying an additional 16,427 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 2.6% in the third quarter. Flagship Harbor Advisors LLC now owns 447,645 shares of the company’s stock worth $9,307,000 after buying an additional 11,325 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 14.5% in the first quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after buying an additional 1,845 shares in the last quarter.

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.