Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Expands By 491.2%

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 14,034 shares, an increase of 491.2% from the May 31st total of 2,374 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 11,453 shares, the days-to-cover ratio is presently 1.2 days.

John Hancock High Yield ETF Stock Down 0.5%

John Hancock High Yield ETF stock traded down $0.14 during trading hours on Friday, hitting $25.57. The stock had a trading volume of 1,245 shares, compared to its average volume of 11,431. John Hancock High Yield ETF has a 1-year low of $25.04 and a 1-year high of $26.33. The stock’s fifty day moving average is $25.67 and its two-hundred day moving average is $25.75.

Institutional Investors Weigh In On John Hancock High Yield ETF

Large investors have recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC increased its stake in shares of John Hancock High Yield ETF by 10.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock worth $8,617,000 after purchasing an additional 32,594 shares in the last quarter. Kensington Asset Management LLC lifted its stake in John Hancock High Yield ETF by 1,300.6% in the 3rd quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after buying an additional 325,152 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in John Hancock High Yield ETF in the 4th quarter valued at approximately $4,026,000. NewEdge Advisors LLC grew its holdings in John Hancock High Yield ETF by 2.1% during the 1st quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock valued at $2,064,000 after buying an additional 1,668 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in John Hancock High Yield ETF by 27.9% during the first quarter. Simplicity Wealth LLC now owns 69,228 shares of the company’s stock worth $1,755,000 after buying an additional 15,088 shares in the last quarter.

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.