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

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 134,705 shares, a growth of 347.3% from the April 30th total of 30,112 shares. Based on an average daily volume of 71,103 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the stock are short sold.

John Hancock Preferred Income ETF Stock Performance

Shares of NYSEARCA JHPI opened at $22.92 on Friday. John Hancock Preferred Income ETF has a 52 week low of $22.24 and a 52 week high of $23.56. The stock has a market capitalization of $178.78 million, a P/E ratio of 60.41 and a beta of 0.38. The stock’s fifty day moving average is $22.88 and its 200 day moving average is $22.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in shares of John Hancock Preferred Income ETF in the fourth quarter worth $48,000. International Assets Investment Management LLC bought a new position in shares of John Hancock Preferred Income ETF in the fourth quarter worth $75,000. Farther Finance Advisors LLC increased its position 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 worth $179,000 after purchasing an additional 4,180 shares during the period. Spire Wealth Management increased its position in shares of John Hancock Preferred Income ETF by 279.1% in the fourth quarter. Spire Wealth Management now owns 8,150 shares of the company’s stock worth $186,000 after purchasing an additional 6,000 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in shares of John Hancock Preferred Income ETF by 47.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 10,974 shares of the company’s stock worth $251,000 after purchasing an additional 3,512 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.