John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Down 41.5% in January

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 3,989 shares, a decrease of 41.5% from the January 15th total of 6,823 shares. Based on an average daily trading volume, of 6,354 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,354 shares, the days-to-cover ratio is presently 0.6 days.

John Hancock High Yield ETF Trading Up 0.0%

Shares of John Hancock High Yield ETF stock traded up $0.01 on Friday, hitting $25.92. 5,746 shares of the company traded hands, compared to its average volume of 10,135. John Hancock High Yield ETF has a 12-month low of $24.36 and a 12-month high of $26.33. The company has a 50-day moving average price of $25.96 and a 200 day moving average price of $26.00.

John Hancock High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were given a $0.0964 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, January 28th.

Hedge Funds Weigh In On John Hancock High Yield ETF

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in John Hancock High Yield ETF by 59.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock valued at $63,826,000 after acquiring an additional 921,000 shares during the last quarter. Kensington Asset Management LLC raised its holdings in shares of John Hancock High Yield ETF by 1,300.6% during the 3rd 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. Daymark Wealth Partners LLC acquired a new stake in shares of John Hancock High Yield ETF in the 2nd quarter valued at $5,886,000. JPMorgan Chase & Co. lifted its stake in shares of John Hancock High Yield ETF by 397.5% in the 2nd 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 during the last quarter. Finally, NewEdge Wealth LLC bought a new stake in John Hancock High Yield ETF in the fourth quarter worth $4,026,000.

John Hancock High Yield ETF Company Profile

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.