John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Short Interest Rises 131.4%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 127,716 shares, a growth of 131.4% from the August 31st total of 55,204 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 21,662 shares, the short-interest ratio is currently 5.9 days.

Institutional Trading of John Hancock Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Granite Bay Wealth Management LLC grew its stake in John Hancock Corporate Bond ETF by 8.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after buying an additional 140,910 shares during the last quarter. Cetera Investment Advisers lifted its stake in John Hancock Corporate Bond ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock valued at $29,637,000 after buying an additional 310,804 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in John Hancock Corporate Bond ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock valued at $4,611,000 after buying an additional 4,158 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after acquiring an additional 20,514 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 11.0% in the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock valued at $660,000 after acquiring an additional 3,077 shares during the period.

John Hancock Corporate Bond ETF Price Performance

JHCB traded down $0.07 on Tuesday, reaching $20.02. The company had a trading volume of 24,099 shares, compared to its average volume of 25,007. John Hancock Corporate Bond ETF has a 1 year low of $20.02 and a 1 year high of $22.03. The stock has a 50-day moving average price of $20.70 and a 200-day moving average price of $21.04.

John Hancock Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th will be given a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 4.9%. This is a decrease from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.1011. The ex-dividend date is Monday, September 28th.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.