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

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

John Hancock International High Dividend ETF Stock Performance

NYSEARCA JHID opened at $42.81 on Friday. The stock has a market cap of $11.13 million, a P/E ratio of 10.89 and a beta of 0.61. John Hancock International High Dividend ETF has a fifty-two week low of $33.56 and a fifty-two week high of $44.19. The stock has a 50 day simple moving average of $42.73 and a two-hundred day simple moving average of $41.67.

Institutional Trading of John Hancock International High Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in John Hancock International High Dividend ETF by 7.2% in the first 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 in the last quarter. Valmark Advisers Inc. raised 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 purchasing an additional 588 shares in the last quarter. The Manufacturers Life Insurance Company raised 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 purchasing an additional 20,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of John Hancock International High Dividend ETF in the 4th quarter worth about $259,000.

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.