John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Significant Decrease in Short Interest

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 104,809 shares, a drop of 44.1% from the September 30th total of 187,476 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 18,675 shares, the days-to-cover ratio is currently 5.6 days.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Institutional investors have recently bought and sold shares of the company. Simplicity Wealth LLC increased its stake in John Hancock Corporate Bond ETF by 80.6% during the third quarter. Simplicity Wealth LLC now owns 203,802 shares of the company’s stock worth $4,080,000 after purchasing an additional 90,975 shares during the period. CoreCap Advisors LLC grew its holdings in shares of John Hancock Corporate Bond ETF by 34.6% in the third quarter. CoreCap Advisors LLC now owns 41,879 shares of the company’s stock valued at $838,000 after purchasing an additional 10,759 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of John Hancock Corporate Bond ETF by 23.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock worth $380,000 after acquiring an additional 3,424 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in John Hancock Corporate Bond ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock worth $4,611,000 after purchasing an additional 4,158 shares during the period. Finally, Robbins Farley grew its position in shares of John Hancock Corporate Bond ETF by 5.0% during the second quarter. Robbins Farley now owns 20,239 shares of the company’s stock worth $429,000 after buying an additional 959 shares in the last quarter.

John Hancock Corporate Bond ETF Trading Down 0.1%

JHCB stock traded down $0.02 during mid-day trading on Friday, hitting $20.30. 17,125 shares of the company were exchanged, compared to its average volume of 25,007. The business has a fifty day simple moving average of $20.39 and a 200-day simple moving average of $21.05. John Hancock Corporate Bond ETF has a 12-month low of $19.83 and a 12-month high of $22.00.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were given a $0.0933 dividend. The ex-dividend date of this dividend was Wednesday, October 28th. This is a positive change from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.0825. This represents a $1.12 dividend on an annualized basis and a yield of 5.5%.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.