Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Expands By 139.5%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 10,922 shares, a growth of 139.5% from the February 12th total of 4,560 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,873 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily trading volume, of 4,873 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of John Hancock High Yield ETF

A number of institutional investors have recently modified their holdings of the company. CWM LLC acquired a new stake in John Hancock High Yield ETF during the 3rd quarter worth approximately $49,000. Osaic Holdings Inc. acquired a new position in John Hancock High Yield ETF during the second quarter valued at approximately $88,000. CoreCap Advisors LLC lifted its position in John Hancock High Yield ETF by 3.7% during the third quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock valued at $291,000 after buying an additional 401 shares in the last quarter. Citadel Advisors LLC purchased a new stake in John Hancock High Yield ETF during the third quarter worth approximately $511,000. Finally, Jane Street Group LLC grew its stake in John Hancock High Yield ETF by 490.1% during the first quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after buying an additional 44,704 shares during the period.

John Hancock High Yield ETF Trading Down 0.2%

Shares of John Hancock High Yield ETF stock opened at $25.60 on Thursday. The business’s fifty day moving average price is $25.87 and its 200 day moving average price is $25.99. John Hancock High Yield ETF has a twelve month low of $24.36 and a twelve month high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.0944 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, February 25th.

About John Hancock High Yield ETF

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.