John Hancock High Yield ETF (NYSEARCA:JHHY – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,223 shares, a drop of 87.6% from the September 30th total of 9,853 shares. Based on an average daily trading volume, of 43,333 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
John Hancock High Yield ETF Stock Performance
NYSEARCA JHHY traded up $0.10 on Tuesday, reaching $24.80. The company had a trading volume of 2,371 shares, compared to its average volume of 19,908. John Hancock High Yield ETF has a 12 month low of $24.51 and a 12 month high of $26.25. The firm’s 50 day moving average price is $25.09 and its 200 day moving average price is $25.53.
John Hancock High Yield ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.1304 dividend. This is a drop from John Hancock High Yield ETF’s previous monthly dividend of $0.1434. This represents a $1.56 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, September 28th.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Sunrise Financial Services LLC raised its stake in shares of John Hancock High Yield ETF by 121,841.0% during the third quarter. Sunrise Financial Services LLC now owns 95,114 shares of the company’s stock valued at $2,347,000 after acquiring an additional 95,036 shares in the last quarter. Iams Wealth Management LLC purchased a new position in shares of John Hancock High Yield ETF in the third quarter worth about $1,805,000. Envestnet Asset Management Inc. lifted its position in John Hancock High Yield ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 310,234 shares of the company’s stock valued at $7,930,000 after purchasing an additional 67,911 shares during the period. Simplicity Wealth LLC lifted its stake in shares of John Hancock High Yield ETF by 64.9% in the 3rd quarter. Simplicity Wealth LLC now owns 124,805 shares of the company’s stock valued at $3,080,000 after purchasing an additional 49,113 shares during the period. Finally, NewEdge Wealth LLC raised its holdings in John Hancock High Yield ETF by 7.7% in the 1st quarter. NewEdge Wealth LLC now owns 167,833 shares of the company’s stock worth $4,254,000 after purchasing an additional 11,965 shares during the period.
John Hancock High Yield ETF Company Profile
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.
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