Short Interest in John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Expands By 125.5%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 55,204 shares, a growth of 125.5% from the August 15th total of 24,479 shares. Based on an average daily volume of 19,263 shares, the short-interest ratio is presently 2.9 days. Approximately 1.1% of the shares of the company are sold short.

John Hancock Corporate Bond ETF Price Performance

Shares of NYSEARCA JHCB opened at $20.47 on Wednesday. The business has a 50-day moving average price of $20.81 and a 200 day moving average price of $21.11. John Hancock Corporate Bond ETF has a 52-week low of $20.44 and a 52-week high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 29th were given a dividend of $0.0995 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 29th.

Institutional Trading of John Hancock Corporate Bond ETF

A number of large investors have recently bought and sold shares of the business. Granite Bay Wealth Management LLC boosted its stake in shares of John Hancock Corporate Bond ETF by 8.5% during the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after buying an additional 140,910 shares during the period. Cetera Investment Advisers grew its stake in shares of John Hancock Corporate Bond ETF by 28.5% in the 1st quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock valued at $29,637,000 after purchasing an additional 310,804 shares during the last quarter. Simplicity Wealth LLC increased its holdings in shares of John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares during the period. CoreCap Advisors LLC raised its stake in shares of John Hancock Corporate Bond ETF by 11.0% during the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock worth $660,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Rubicon Advisors GP acquired a new stake in shares of John Hancock Corporate Bond ETF during the fourth quarter worth $484,000.

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.