Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Decreases By 95.9%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 444 shares, a decline of 95.9% from the February 26th total of 10,922 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,449 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 4,449 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

John Hancock High Yield ETF Stock Up 0.4%

Shares of NYSEARCA:JHHY traded up $0.09 during trading on Wednesday, reaching $25.47. The stock had a trading volume of 2,531 shares, compared to its average volume of 7,322. The firm’s 50-day simple moving average is $25.79 and its 200 day simple moving average is $25.95. John Hancock High Yield ETF has a one year low of $24.36 and a one year high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a $0.0944 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Wednesday, February 25th.

Hedge Funds Weigh In On John Hancock High Yield ETF

Large investors have recently made changes to their positions in the business. CWM LLC purchased a new position in shares of John Hancock High Yield ETF in the third quarter worth about $49,000. Osaic Holdings Inc. acquired a new position in John Hancock High Yield ETF in the 2nd quarter worth approximately $88,000. CoreCap Advisors LLC increased its holdings in John Hancock High Yield ETF by 3.7% in the 3rd quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock worth $291,000 after buying an additional 401 shares during the period. Citadel Advisors LLC purchased a new position in John Hancock High Yield ETF during the 3rd quarter worth approximately $511,000. Finally, Jane Street Group LLC raised its position in John Hancock High Yield ETF by 490.1% during the 1st quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after buying an additional 44,704 shares during the last quarter.

About John Hancock High Yield ETF

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.