John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB – Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 9,800 shares, an increase of 50.8% from the May 15th total of 6,500 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 62,200 shares, the days-to-cover ratio is presently 0.2 days.
John Hancock Mortgage-Backed Securities ETF Stock Performance
NYSEARCA:JHMB opened at $21.71 on Wednesday. The firm has a 50-day simple moving average of $21.62 and a two-hundred day simple moving average of $21.66. John Hancock Mortgage-Backed Securities ETF has a fifty-two week low of $21.13 and a fifty-two week high of $22.79.
Institutional Trading of John Hancock Mortgage-Backed Securities ETF
A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of John Hancock Mortgage-Backed Securities ETF during the 1st quarter valued at about $865,000. Goldman Sachs Group Inc. purchased a new position in shares of John Hancock Mortgage-Backed Securities ETF in the first quarter worth approximately $306,000. NewEdge Advisors LLC boosted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 1,917.1% in the first quarter. NewEdge Advisors LLC now owns 39,475 shares of the company’s stock worth $864,000 after buying an additional 37,518 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of John Hancock Mortgage-Backed Securities ETF in the first quarter worth approximately $10,088,000. Finally, HighTower Advisors LLC boosted its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 424.5% in the first quarter. HighTower Advisors LLC now owns 989,588 shares of the company’s stock worth $21,662,000 after buying an additional 800,925 shares during the last quarter.
About John Hancock Mortgage-Backed Securities ETF
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.
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