John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Sees Significant Decrease in Short Interest

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 10,816 shares, a drop of 63.8% from the November 30th total of 29,889 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,622 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 8,622 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the stock are sold short.

John Hancock Core Plus Bond ETF Price Performance

Shares of John Hancock Core Plus Bond ETF stock traded up $0.02 on Friday, hitting $25.55. The company’s stock had a trading volume of 83 shares, compared to its average volume of 92,906. John Hancock Core Plus Bond ETF has a 52-week low of $24.35 and a 52-week high of $25.95. The firm has a fifty day moving average price of $25.54 and a 200-day moving average price of $25.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JHCP. Coign Capital Advisors LLC lifted its stake in John Hancock Core Plus Bond ETF by 9.8% in the 3rd quarter. Coign Capital Advisors LLC now owns 490,608 shares of the company’s stock valued at $12,484,000 after buying an additional 43,833 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of John Hancock Core Plus Bond ETF in the first quarter worth $364,000. Finally, Andina Capital Management LLC purchased a new stake in shares of John Hancock Core Plus Bond ETF in the third quarter valued at $253,000.

About John Hancock Core Plus Bond ETF

The John Hancock Core Plus Bond ETF (JHCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed with a focus on a diversified bond portfolio, which includes a potential 20% allocation to high-yield bonds. The fund aims for a high level of current income while also considering ESG factors in its investment analysis JHCP was launched on Dec 18, 2024 and is issued by John Hancock.