John Hancock High Yield ETF (NYSEARCA:JHHY) Stock Short Interest Jumps 466.9%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 6,933 shares, a growth of 466.9% from the October 15th total of 1,223 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 24,909 shares, the days-to-cover ratio is currently 0.3 days.

John Hancock High Yield ETF Stock Up 0.1%

JHHY stock traded up $0.03 during midday trading on Wednesday, hitting $24.71. The stock had a trading volume of 1,445 shares, compared to its average volume of 20,154. John Hancock High Yield ETF has a 52 week low of $24.51 and a 52 week high of $26.20. The stock has a 50-day simple moving average of $24.90 and a 200 day simple moving average of $25.46.

John Hancock High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were paid a $0.1338 dividend. The ex-dividend date was Wednesday, October 28th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 6.5%. This is a positive change from John Hancock High Yield ETF’s previous monthly dividend of $0.1304.

Hedge Funds Weigh In On John Hancock High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of John Hancock High Yield ETF by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 310,234 shares of the company’s stock valued at $7,930,000 after acquiring an additional 67,911 shares in the last quarter. NewEdge Wealth LLC lifted its stake in John Hancock High Yield ETF by 7.7% during the first 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. Simplicity Wealth LLC lifted its stake in John Hancock High Yield ETF by 64.9% during the third quarter. Simplicity Wealth LLC now owns 124,805 shares of the company’s stock worth $3,080,000 after purchasing an additional 49,113 shares during the period. Sunrise Financial Services LLC lifted its stake in 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 worth $2,347,000 after purchasing an additional 95,036 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in John Hancock High Yield ETF by 0.6% during the second quarter. NewEdge Advisors LLC now owns 81,967 shares of the company’s stock worth $2,095,000 after purchasing an additional 515 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.