John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) Sees Large Decrease in Short Interest

John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 23 shares, a drop of 67.6% from the September 15th total of 71 shares. Based on an average daily volume of 3,785 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of John Hancock U.S. High Dividend ETF

An institutional investor recently raised its stake in John Hancock U.S. High Dividend ETF stock. Royal Bank of Canada lifted its stake in shares of John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) by 2,760.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,953 shares of the company’s stock after acquiring an additional 8,640 shares during the period. Royal Bank of Canada owned 3.89% of John Hancock U.S. High Dividend ETF worth $359,000 at the end of the most recent reporting period.

John Hancock U.S. High Dividend ETF Trading Down 1.4%

JHDV stock traded down $0.63 during mid-day trading on Wednesday, reaching $45.50. The company’s stock had a trading volume of 2,815 shares, compared to its average volume of 640. John Hancock U.S. High Dividend ETF has a 12 month low of $38.46 and a 12 month high of $48.29. The business’s 50 day moving average price is $47.01 and its 200 day moving average price is $45.81. The company has a market cap of $12.74 million, a price-to-earnings ratio of 19.09 and a beta of 0.98.

John Hancock U.S. High Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.2829 per share. This is a positive change from John Hancock U.S. High Dividend ETF’s previous quarterly dividend of $0.2553. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.13 annualized dividend and a dividend yield of 2.5%.

John Hancock U.S. High Dividend ETF Company Profile

The John Hancock U.S. High Dividend ETF (JHDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of high dividend-paying or high dividend growth stocks. Selection and weighting are based on a proprietary systematic approach of US large- and mid-cap companies. JHDV was launched on Sep 27, 2022 and is managed by John Hancock.