John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Large Growth in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 27,031 shares, a growth of 1,651.8% from the April 15th total of 1,543 shares. Based on an average daily trading volume, of 6,025 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Trading of John Hancock High Yield ETF

Hedge funds have recently bought and sold shares of the company. CWM LLC purchased a new stake in John Hancock High Yield ETF during the third quarter valued at about $49,000. Osaic Holdings Inc. acquired a new stake in John Hancock High Yield ETF during the 2nd quarter worth about $88,000. CoreCap Advisors LLC boosted its position in John Hancock High Yield ETF by 3.7% during the 3rd quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock worth $291,000 after acquiring an additional 401 shares during the period. Citadel Advisors LLC acquired a new stake in John Hancock High Yield ETF during the 3rd quarter worth about $511,000. Finally, Jane Street Group LLC boosted its position in John Hancock High Yield ETF by 490.1% during the 1st quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after acquiring an additional 44,704 shares during the period.

John Hancock High Yield ETF Stock Down 0.2%

JHHY stock opened at $25.66 on Tuesday. John Hancock High Yield ETF has a one year low of $25.04 and a one year high of $26.33. The firm has a 50-day moving average of $25.60 and a two-hundred day moving average of $25.84.

John Hancock High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.0944 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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.