John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Short Interest Drops 44.1%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 104,809 shares, a drop of 44.1% from the September 30th total of 187,476 shares. Based on an average trading volume of 18,675 shares, the short-interest ratio is currently 5.6 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors have recently modified their holdings of JHCB. Envestnet Portfolio Solutions Inc. grew its position in John Hancock Corporate Bond ETF by 23.6% in the 2nd 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 during the last quarter. Robbins Farley lifted its stake in John Hancock Corporate Bond ETF by 5.0% during 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 position in John Hancock Corporate Bond ETF by 11.0% during the 2nd quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock worth $660,000 after purchasing an additional 3,077 shares in the last quarter. Simplicity Wealth LLC raised its stake in John Hancock Corporate Bond ETF by 26.3% during the 1st quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the third quarter valued at $3,227,000.

John Hancock Corporate Bond ETF Stock Performance

NYSEARCA:JHCB traded down $0.03 on Monday, hitting $20.27. 37,998 shares of the stock were exchanged, compared to its average volume of 25,069. The stock has a fifty day moving average of $20.39 and a 200-day moving average of $21.05. John Hancock Corporate Bond ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.00.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were paid a dividend of $0.0933 per share. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.0825. The ex-dividend date was Wednesday, October 28th. This represents a $1.12 dividend on an annualized basis and a yield of 5.5%.

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.