John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Update

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 7,830 shares, a decline of 91.3% from the February 12th total of 89,609 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 45,158 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 45,158 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of John Hancock Preferred Income ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of John Hancock Preferred Income ETF in the fourth quarter valued at about $48,000. Spire Wealth Management purchased a new position in John Hancock Preferred Income ETF during the third quarter worth about $50,000. International Assets Investment Management LLC purchased a new position in John Hancock Preferred Income ETF during the fourth quarter worth about $75,000. Capital Advisors Ltd. LLC lifted its position in John Hancock Preferred Income ETF by 93.2% in the third quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after purchasing an additional 3,599 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in John Hancock Preferred Income ETF by 114.6% in the fourth quarter. Farther Finance Advisors LLC now owns 7,829 shares of the company’s stock valued at $179,000 after purchasing an additional 4,180 shares during the period.

John Hancock Preferred Income ETF Trading Down 0.0%

Shares of John Hancock Preferred Income ETF stock traded down $0.01 during trading hours on Tuesday, hitting $23.03. 35,792 shares of the company were exchanged, compared to its average volume of 58,322. The business has a 50-day moving average of $23.10 and a 200-day moving average of $23.10. John Hancock Preferred Income ETF has a 1 year low of $21.57 and a 1 year high of $23.56. The stock has a market capitalization of $147.39 million, a price-to-earnings ratio of 60.41 and a beta of 0.40.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a $0.0365 dividend. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, February 25th.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.