John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Update

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 127,716 shares, a growth of 131.4% from the August 31st total of 55,204 shares. Based on an average daily volume of 21,662 shares, the short-interest ratio is presently 5.9 days. Approximately 2.7% of the shares of the stock are sold short.

Institutional Trading of John Hancock Corporate Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of John Hancock Corporate Bond ETF by 23.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock worth $380,000 after purchasing an additional 3,424 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of John Hancock Corporate Bond ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock valued at $4,611,000 after buying an additional 4,158 shares in the last quarter. Robbins Farley grew its stake in shares of John Hancock Corporate Bond ETF by 5.0% in the second quarter. Robbins Farley now owns 20,239 shares of the company’s stock valued at $429,000 after buying an additional 959 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of John Hancock Corporate Bond ETF by 11.0% in the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock valued at $660,000 after buying an additional 3,077 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in John Hancock Corporate Bond ETF by 28.5% in the 1st quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock worth $29,637,000 after acquiring an additional 310,804 shares during the period.

John Hancock Corporate Bond ETF Stock Down 1.0%

Shares of JHCB stock traded down $0.20 during trading hours on Monday, hitting $20.09. The company’s stock had a trading volume of 37,692 shares, compared to its average volume of 25,015. The business has a fifty day moving average of $20.72 and a 200-day moving average of $21.05. John Hancock Corporate Bond ETF has a twelve month low of $20.03 and a twelve month high of $22.03.

John Hancock Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 28th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 4.9%. This is a drop from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.1011. The ex-dividend date is Monday, September 28th.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.