Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Declines By 95.9%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 444 shares, a decline of 95.9% from the February 26th total of 10,922 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,449 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 4,449 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

John Hancock High Yield ETF Stock Performance

Shares of JHHY stock traded down $0.06 on Tuesday, reaching $25.38. 3,312 shares of the stock were exchanged, compared to its average volume of 7,411. The business’s 50 day moving average price is $25.79 and its 200 day moving average price is $25.95. 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 firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0944 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of John Hancock High Yield ETF by 59.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock worth $63,826,000 after acquiring an additional 921,000 shares in the last quarter. Kensington Asset Management LLC boosted its holdings in John Hancock High Yield ETF by 1,300.6% in the third quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after purchasing an additional 325,152 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in John Hancock High Yield ETF by 397.5% in the second quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock valued at $5,486,000 after purchasing an additional 169,883 shares in the last quarter. NewEdge Wealth LLC purchased a new position in John Hancock High Yield ETF in the fourth quarter valued at approximately $4,026,000. Finally, NewEdge Advisors LLC purchased a new position in John Hancock High Yield ETF in the fourth quarter valued at approximately $2,061,000.

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.