John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Up 299.1% in February

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 89,609 shares, an increase of 299.1% from the January 29th total of 22,451 shares. Based on an average trading volume of 39,107 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the shares of the company are sold short. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 39,107 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JHPI. Beacon Financial Advisory LLC grew its holdings in shares of John Hancock Preferred Income ETF by 1.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 37,092 shares of the company’s stock valued at $859,000 after buying an additional 446 shares during the period. HighTower Advisors LLC raised its stake in John Hancock Preferred Income ETF by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 35,626 shares of the company’s stock worth $814,000 after buying an additional 833 shares during the period. Stonebridge Financial Planning Group LLC lifted its holdings in John Hancock Preferred Income ETF by 14.7% during the second quarter. Stonebridge Financial Planning Group LLC now owns 10,650 shares of the company’s stock worth $240,000 after acquiring an additional 1,368 shares in the last quarter. 1620 Investment Advisors Inc. grew its stake in John Hancock Preferred Income ETF by 3.1% in the third quarter. 1620 Investment Advisors Inc. now owns 59,087 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,779 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of John Hancock Preferred Income ETF in the fourth quarter worth about $48,000.

John Hancock Preferred Income ETF Trading Down 0.1%

NYSEARCA:JHPI traded down $0.03 during mid-day trading on Thursday, reaching $23.26. 40,497 shares of the stock were exchanged, compared to its average volume of 57,951. The firm has a market capitalization of $148.83 million, a PE ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 1-year low of $21.57 and a 1-year high of $23.56. The business has a fifty day moving average price of $23.08 and a 200 day moving average price of $23.09.

John Hancock Preferred Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 25th will be issued a $0.0365 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.