John Hancock High Yield ETF (NYSEARCA:JHHY) Stock Short Interest Rises 466.9%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 6,933 shares, an increase of 466.9% from the October 15th total of 1,223 shares. Based on an average daily volume of 24,909 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of John Hancock High Yield ETF by 19.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,434 shares of the company’s stock worth $343,000 after purchasing an additional 2,198 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of John Hancock High Yield ETF in the third quarter valued at $454,000. CoreCap Advisors LLC increased its stake in John Hancock High Yield ETF by 7.9% in the second quarter. CoreCap Advisors LLC now owns 20,938 shares of the company’s stock valued at $535,000 after purchasing an additional 1,524 shares during the last quarter. Iams Wealth Management LLC acquired a new position in John Hancock High Yield ETF in the third quarter valued at $1,805,000. Finally, NewEdge Advisors LLC increased its stake in John Hancock High Yield ETF by 2.1% in the first quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock valued at $2,064,000 after purchasing an additional 1,668 shares during the last quarter.

John Hancock High Yield ETF Trading Down 0.4%

JHHY stock traded down $0.09 during trading on Thursday, hitting $24.65. The stock had a trading volume of 23,343 shares, compared to its average volume of 20,193. The company’s 50 day moving average price is $24.87 and its two-hundred day moving average price is $25.45. John Hancock High Yield ETF has a 1-year low of $24.51 and a 1-year high of $26.20.

John Hancock High Yield ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were paid a $0.1338 dividend. This represents a $1.61 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Wednesday, October 28th. This is an increase from John Hancock High Yield ETF’s previous monthly dividend of $0.1304.

About John Hancock High Yield ETF

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.