Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Grows By 491.2%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 14,034 shares, an increase of 491.2% from the May 31st total of 2,374 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 11,453 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On John Hancock High Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of John Hancock High Yield ETF by 59.4% in the fourth 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 during the last quarter. Kensington Asset Management LLC lifted its stake in shares of John Hancock High Yield ETF by 1,300.6% during the third quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after buying an additional 325,152 shares during the period. JPMorgan Chase & Co. boosted its position in John Hancock High Yield ETF by 397.5% during the second quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock worth $5,486,000 after acquiring an additional 169,883 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in John Hancock High Yield ETF during the fourth quarter worth approximately $4,026,000. Finally, NewEdge Advisors LLC purchased a new stake in John Hancock High Yield ETF in the 4th quarter worth approximately $2,061,000.

John Hancock High Yield ETF Trading Down 0.5%

John Hancock High Yield ETF stock traded down $0.14 during midday trading on Friday, reaching $25.57. 1,245 shares of the company were exchanged, compared to its average volume of 11,431. The firm’s 50-day simple moving average is $25.67 and its 200-day simple moving average is $25.75. John Hancock High Yield ETF has a 1 year low of $25.04 and a 1 year high of $26.33.

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.