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

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 30,112 shares, an increase of 240.1% from the April 15th total of 8,853 shares. Based on an average trading volume of 45,491 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

John Hancock Preferred Income ETF Price Performance

NYSEARCA JHPI remained flat at $22.98 during trading hours on Thursday. 190,242 shares of the company traded hands, compared to its average volume of 51,390. John Hancock Preferred Income ETF has a one year low of $22.12 and a one year high of $23.56. The company has a market cap of $179.24 million, a P/E ratio of 60.41 and a beta of 0.38. The company’s 50-day moving average is $22.92 and its 200-day moving average is $23.00.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.0365 dividend. 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

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of John Hancock Preferred Income ETF in the 4th quarter valued at approximately $48,000. Spire Wealth Management purchased a new stake in shares of John Hancock Preferred Income ETF in the 3rd quarter valued at approximately $50,000. International Assets Investment Management LLC purchased a new stake in shares of John Hancock Preferred Income ETF in the 4th quarter valued at approximately $75,000. Farther Finance Advisors LLC grew its stake in shares of John Hancock Preferred Income ETF by 114.6% in the 4th quarter. Farther Finance Advisors LLC now owns 7,829 shares of the company’s stock valued at $179,000 after buying an additional 4,180 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in shares of John Hancock Preferred Income ETF by 47.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 10,974 shares of the company’s stock valued at $251,000 after buying an additional 3,512 shares during the period.

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.