John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Update

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 7,830 shares, a decline of 91.3% from the February 12th total of 89,609 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 45,158 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 45,158 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

John Hancock Preferred Income ETF Trading Down 0.0%

Shares of NYSEARCA JHPI traded down $0.01 during mid-day trading on Tuesday, reaching $23.03. The company had a trading volume of 35,792 shares, compared to its average volume of 58,322. The firm has a 50 day simple moving average of $23.10 and a two-hundred day simple moving average of $23.10. The stock has a market cap of $147.39 million, a P/E ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 52-week low of $21.57 and a 52-week high of $23.56.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0365 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 1.9%.

Institutional Trading of John Hancock Preferred Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JHPI. Kestra Advisory Services LLC purchased a new position in John Hancock Preferred Income ETF during the 4th quarter worth approximately $48,000. Spire Wealth Management purchased a new stake in John Hancock Preferred Income ETF in the third quarter valued at approximately $50,000. International Assets Investment Management LLC purchased a new stake in John Hancock Preferred Income ETF in the fourth quarter valued at approximately $75,000. Capital Advisors Ltd. LLC boosted its holdings in shares of John Hancock Preferred Income ETF by 93.2% in the third quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after acquiring an additional 3,599 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of John Hancock Preferred Income ETF by 114.6% in the fourth quarter. Farther Finance Advisors LLC now owns 7,829 shares of the company’s stock valued at $179,000 after acquiring an additional 4,180 shares during the period.

John Hancock Preferred Income ETF Company Profile

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.