John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Down 65.8% in March

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 3,978 shares, a decrease of 65.8% from the March 15th total of 11,634 shares. Based on an average daily trading volume, of 27,763 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in John Hancock Corporate Bond ETF by 3.0% during the 3rd quarter. CoreCap Advisors LLC now owns 16,977 shares of the company’s stock worth $369,000 after purchasing an additional 493 shares in the last quarter. NewEdge Advisors LLC bought a new position in John Hancock Corporate Bond ETF during the 2nd quarter worth about $32,000. Envestnet Asset Management Inc. increased its holdings in John Hancock Corporate Bond ETF by 0.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 211,147 shares of the company’s stock worth $4,586,000 after purchasing an additional 1,760 shares in the last quarter. Robbins Farley increased its holdings in John Hancock Corporate Bond ETF by 48.7% during the 3rd quarter. Robbins Farley now owns 7,040 shares of the company’s stock worth $153,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in John Hancock Corporate Bond ETF by 17.5% during the 2nd quarter. Osaic Holdings Inc. now owns 48,109 shares of the company’s stock worth $1,031,000 after purchasing an additional 7,150 shares in the last quarter.

John Hancock Corporate Bond ETF Stock Performance

JHCB opened at $21.30 on Friday. John Hancock Corporate Bond ETF has a 12 month low of $20.38 and a 12 month high of $22.03. The company has a fifty day simple moving average of $21.44 and a 200 day simple moving average of $21.61.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a $0.057 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06.

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.