John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) Shares Shorted: Short Interest Up 131.3% in October

John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 51,982 shares, an increase of 131.3% from the September 30th total of 22,474 shares. Based on an average daily trading volume, of 207,711 shares, the short-interest ratio is currently 0.3 days. Currently, 1.4% of the company’s stock are short sold.

John Hancock Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of JHMU traded up $0.06 during midday trading on Friday, reaching $25.54. The stock had a trading volume of 5,610 shares, compared to its average volume of 18,876. John Hancock Dynamic Municipal Bond ETF has a one year low of $24.49 and a one year high of $26.70. The firm has a market cap of $95.01 million, a PE ratio of 15.71 and a beta of 0.21. The firm has a 50 day simple moving average of $25.23 and a 200-day simple moving average of $25.98.

John Hancock Dynamic Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were issued a dividend of $0.0434 per share. This is a decrease from John Hancock Dynamic Municipal Bond ETF’s previous monthly dividend of $0.0760. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 28th.

Hedge Funds Weigh In On John Hancock Dynamic Municipal Bond ETF

Several large investors have recently modified their holdings of JHMU. Royal Bank of Canada acquired a new position in shares of John Hancock Dynamic Municipal Bond ETF in the 1st quarter valued at about $592,000. Citadel Advisors LLC bought a new position in John Hancock Dynamic Municipal Bond ETF during the second quarter valued at $397,000. Pine Valley Investments Ltd Liability Co purchased a new stake in John Hancock Dynamic Municipal Bond ETF during the first quarter valued at about $313,000. NewEdge Advisors LLC purchased a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the 2nd quarter valued at approximately $217,000. Finally, Cetera Investment Advisers boosted its holdings in shares of John Hancock Dynamic Municipal Bond ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock worth $1,535,000 after acquiring an additional 7,407 shares during the period.

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.