John Hancock International High Dividend ETF (NYSEARCA:JHID) Shares Shorted: Short Interest Down 59.5% in September

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 834 shares, a drop of 59.5% from the September 15th total of 2,061 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 5,195 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in John Hancock International High Dividend ETF stock. Royal Bank of Canada increased its holdings in John Hancock International High Dividend ETF (NYSEARCA:JHID) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,718 shares of the company’s stock after acquiring an additional 383 shares during the quarter. Royal Bank of Canada owned approximately 2.04% of John Hancock International High Dividend ETF worth $232,000 at the end of the most recent quarter.

John Hancock International High Dividend ETF Stock Down 0.6%

John Hancock International High Dividend ETF stock traded down $0.27 during trading on Wednesday, reaching $41.97. The stock had a trading volume of 21 shares, compared to its average volume of 1,038. John Hancock International High Dividend ETF has a 52-week low of $35.44 and a 52-week high of $44.77. The business has a 50 day moving average price of $43.68 and a 200 day moving average price of $42.89. The stock has a market cap of $11.75 million, a PE ratio of 10.89 and a beta of 0.61.

John Hancock International High Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.2842 per share. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from John Hancock International High Dividend ETF’s previous quarterly dividend of $0.8202. This represents a $1.14 annualized dividend and a dividend yield of 2.7%.

About John Hancock International High Dividend ETF

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.