John Hancock Preferred Income ETF (NYSEARCA:JHPI) Stock Short Interest Report for October

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 8,926 shares, a decline of 89.8% from the October 15th total of 87,400 shares. Based on an average trading volume of 53,926 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

John Hancock Preferred Income ETF Price Performance

Shares of NYSEARCA JHPI traded down $0.09 during mid-day trading on Friday, reaching $21.50. The company’s stock had a trading volume of 24,883 shares, compared to its average volume of 50,637. John Hancock Preferred Income ETF has a 52 week low of $21.50 and a 52 week high of $23.36. The firm has a market capitalization of $230.75 million, a PE ratio of 60.41 and a beta of 0.37. The stock has a fifty day moving average of $21.88 and a two-hundred day moving average of $22.61.

John Hancock Preferred Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were issued a $0.1408 dividend. This represents a $1.69 annualized dividend and a dividend yield of 7.9%. This is a boost from John Hancock Preferred Income ETF’s previous monthly dividend of $0.1025. The ex-dividend date of this dividend was Wednesday, October 28th.

Hedge Funds Weigh In On John Hancock Preferred Income ETF

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in John Hancock Preferred Income ETF by 13.2% in the 1st quarter. Bank of America Corp DE now owns 289,784 shares of the company’s stock worth $6,543,000 after purchasing an additional 33,819 shares in the last quarter. FFG Retirement Advisors LLC increased its holdings in shares of John Hancock Preferred Income ETF by 37.6% in the second quarter. FFG Retirement Advisors LLC now owns 233,827 shares of the company’s stock worth $5,308,000 after purchasing an additional 63,864 shares during the last quarter. Robbins Farley increased its holdings in shares of John Hancock Preferred Income ETF by 0.8% in the third quarter. Robbins Farley now owns 173,388 shares of the company’s stock worth $3,764,000 after purchasing an additional 1,329 shares during the last quarter. Beacon Financial Advisory LLC lifted its position in shares of John Hancock Preferred Income ETF by 1.5% in the second quarter. Beacon Financial Advisory LLC now owns 38,712 shares of the company’s stock worth $879,000 after buying an additional 556 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of John Hancock Preferred Income ETF by 60.9% in the first quarter. Cetera Investment Advisers now owns 37,253 shares of the company’s stock worth $841,000 after buying an additional 14,103 shares in the last quarter.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.