Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Drops By 77.8%

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,847 shares, a decrease of 77.8% from the June 30th total of 8,314 shares. Based on an average daily volume of 972 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.7% of the company’s shares are sold short.

John Hancock International High Dividend ETF Stock Up 0.4%

Shares of NYSEARCA:JHID traded up $0.18 on Monday, hitting $42.99. The company had a trading volume of 33 shares, compared to its average volume of 852. The firm’s 50-day simple moving average is $42.73 and its two-hundred day simple moving average is $41.69. The firm has a market capitalization of $11.18 million, a price-to-earnings ratio of 10.89 and a beta of 0.61. John Hancock International High Dividend ETF has a 1 year low of $33.56 and a 1 year high of $44.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JHID. The Manufacturers Life Insurance Company lifted its position in John Hancock International High Dividend ETF by 6.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock valued at $12,796,000 after buying an additional 20,000 shares during the period. Jane Street Group LLC bought a new position in shares of John Hancock International High Dividend ETF in the 4th quarter worth about $259,000. Valmark Advisers Inc. increased its stake in shares of John Hancock International High Dividend ETF by 21.6% in the 4th quarter. Valmark Advisers Inc. now owns 19,068 shares of the company’s stock worth $726,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in John Hancock International High Dividend ETF by 73.6% during the 4th quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock valued at $203,000 after acquiring an additional 2,262 shares during the period.

John Hancock International High Dividend ETF Company Profile

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.