John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Significant Drop in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,989 shares, a decline of 41.5% from the January 15th total of 6,823 shares. Based on an average daily trading volume, of 6,354 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 6,354 shares, the days-to-cover ratio is presently 0.6 days.

John Hancock High Yield ETF Stock Up 0.0%

Shares of NYSEARCA JHHY traded up $0.01 during mid-day trading on Friday, hitting $25.92. The company had a trading volume of 5,746 shares, compared to its average volume of 10,135. The business’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $26.00. John Hancock High Yield ETF has a 12 month low of $24.36 and a 12 month high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were given a $0.0964 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, January 28th.

Institutional Investors Weigh In On John Hancock High Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in shares of John Hancock High Yield ETF by 59.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock valued at $63,826,000 after buying an additional 921,000 shares in the last quarter. Kensington Asset Management LLC boosted its position in shares of John Hancock High Yield ETF by 1,300.6% during the 3rd quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after acquiring an additional 325,152 shares in the last quarter. Daymark Wealth Partners LLC boosted its position in shares of John Hancock High Yield ETF by 10.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after acquiring an additional 32,594 shares in the last quarter. JPMorgan Chase & Co. increased its stake in John Hancock High Yield ETF by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 226,487 shares of the company’s stock valued at $5,850,000 after acquiring an additional 6,634 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in John Hancock High Yield ETF by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 179,059 shares of the company’s stock worth $4,677,000 after purchasing an additional 7,070 shares in the last quarter.

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.