John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Update

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 4,900 shares, an increase of 345.5% from the May 15th total of 1,100 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold.

John Hancock High Yield ETF Price Performance

JHHY stock opened at $25.54 on Friday. John Hancock High Yield ETF has a 52 week low of $24.36 and a 52 week high of $26.30. The firm has a 50-day simple moving average of $25.29 and a 200-day simple moving average of $25.54.

John Hancock High Yield ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1499 per share. This is a positive change from John Hancock High Yield ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On John Hancock High Yield ETF

A number of hedge funds have recently made changes to their positions in the company. Simplicity Wealth LLC purchased a new position in shares of John Hancock High Yield ETF in the first quarter valued at approximately $212,000. Jane Street Group LLC acquired a new position in John Hancock High Yield ETF in the 4th quarter valued at $232,000. Finally, Envestnet Asset Management Inc. purchased a new position in John Hancock High Yield ETF in the 4th quarter valued at $4,010,000.

John Hancock High Yield ETF Company Profile

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.