John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Up 1,002.3% in March

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,894 shares, an increase of 1,002.3% from the March 15th total of 444 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 3,269 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On John Hancock High Yield ETF

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

John Hancock High Yield ETF Stock Down 0.3%

John Hancock High Yield ETF stock traded down $0.08 during midday trading on Friday, reaching $25.63. The stock had a trading volume of 67,171 shares, compared to its average volume of 7,895. The firm’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $25.89. John Hancock High Yield ETF has a 1-year low of $24.49 and a 1-year high of $26.33.

John Hancock High Yield ETF Cuts Dividend

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

About John Hancock High Yield ETF

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.