John Hancock Preferred Income ETF (NYSEARCA:JHPI) Sees Large Increase in Short Interest

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

Institutional Trading of John Hancock Preferred Income ETF

Several large investors have recently added to or reduced their stakes in JHPI. Kestra Advisory Services LLC acquired a new stake in John Hancock Preferred Income ETF in the 4th quarter valued at $48,000. Spire Wealth Management acquired a new stake in John Hancock Preferred Income ETF in the 3rd quarter valued at $50,000. International Assets Investment Management LLC acquired a new stake in John Hancock Preferred Income ETF in the 4th quarter valued at $75,000. Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 4,180 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in 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 purchasing an additional 3,512 shares in the last quarter.

John Hancock Preferred Income ETF Price Performance

NYSEARCA JHPI traded down $0.09 during trading hours on Friday, hitting $22.89. The company had a trading volume of 157,461 shares, compared to its average volume of 52,530. John Hancock Preferred Income ETF has a fifty-two week low of $22.12 and a fifty-two week high of $23.56. The company has a market capitalization of $178.54 million, a price-to-earnings ratio of 60.41 and a beta of 0.38. The firm’s 50 day moving average is $22.91 and its 200 day moving average is $23.00.

John Hancock Preferred Income ETF Cuts Dividend

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

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.