Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Drops By 40.3%

John Hancock International High Dividend ETF (NYSEARCA:JHID) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,735 shares, a decrease of 40.3% from the May 14th total of 6,258 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 769 shares, the days-to-cover ratio is presently 4.9 days.

John Hancock International High Dividend ETF Stock Performance

JHID stock traded down $0.01 during trading on Tuesday, hitting $43.56. 668 shares of the company traded hands, compared to its average volume of 865. The firm has a market capitalization of $12.20 million, a PE ratio of 10.89 and a beta of 0.60. John Hancock International High Dividend ETF has a 1 year low of $33.18 and a 1 year high of $44.19. The company has a 50-day moving average of $42.65 and a 200-day moving average of $40.79.

Institutional Investors Weigh In On John Hancock International High Dividend ETF

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in John Hancock International High Dividend ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $232,000 after acquiring an additional 383 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in John Hancock International High Dividend ETF by 6.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock worth $12,796,000 after buying an additional 20,000 shares during the period. Jane Street Group LLC purchased a new stake in John Hancock International High Dividend ETF in the 4th quarter worth approximately $259,000. Finally, Valmark Advisers Inc. lifted its holdings in John Hancock International High Dividend ETF by 3.1% in the 1st quarter. Valmark Advisers Inc. now owns 19,656 shares of the company’s stock worth $796,000 after buying an additional 588 shares during the period.

About John Hancock International High Dividend ETF

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.