John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Update

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,400 shares, a growth of 63.6% from the September 15th total of 3,300 shares. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in John Hancock Preferred Income ETF in the 2nd quarter valued at $34,000. Spire Wealth Management purchased a new stake in John Hancock Preferred Income ETF in the 3rd quarter valued at $50,000. Capital Advisors Ltd. LLC raised its position in John Hancock Preferred Income ETF by 93.2% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after buying an additional 3,599 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in John Hancock Preferred Income ETF in the 2nd quarter valued at $220,000. Finally, Leading Edge Financial Planning LLC purchased a new stake in John Hancock Preferred Income ETF in the 1st quarter valued at $233,000.

John Hancock Preferred Income ETF Stock Down 0.0%

Shares of NYSEARCA:JHPI opened at $23.28 on Friday. John Hancock Preferred Income ETF has a twelve month low of $21.57 and a twelve month high of $23.50. The stock’s 50 day moving average is $23.18 and its 200-day moving average is $22.67. The firm has a market capitalization of $123.85 million, a price-to-earnings ratio of 60.41 and a beta of 0.38.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.