John Hancock International High Dividend ETF (NYSEARCA:JHID) Sees Large Drop in Short Interest

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 834 shares, a decline of 59.5% from the September 15th total of 2,061 shares. Based on an average trading volume of 5,195 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of John Hancock International High Dividend ETF

A hedge fund recently raised its position in John Hancock International High Dividend ETF stock. Royal Bank of Canada grew its stake in shares of John Hancock International High Dividend ETF (NYSEARCA:JHID) by 7.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,718 shares of the company’s stock after acquiring an additional 383 shares during the period. Royal Bank of Canada owned about 2.04% of John Hancock International High Dividend ETF worth $232,000 at the end of the most recent reporting period.

John Hancock International High Dividend ETF Stock Up 0.8%

John Hancock International High Dividend ETF stock traded up $0.35 during midday trading on Tuesday, hitting $42.24. The company’s stock had a trading volume of 123 shares, compared to its average volume of 1,043. John Hancock International High Dividend ETF has a 12 month low of $35.44 and a 12 month high of $44.77. The company has a market capitalization of $11.40 million, a PE ratio of 10.89 and a beta of 0.61. The stock’s 50-day moving average price is $43.71 and its 200-day moving average price is $42.88.

John Hancock International High Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.2842 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, September 28th. This is a decrease from John Hancock International High Dividend ETF’s previous quarterly dividend of $0.8202.

About John Hancock International High Dividend ETF

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.