John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Up 139.5% in February

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 10,922 shares, a growth of 139.5% from the February 12th total of 4,560 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,873 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 4,873 shares, the short-interest ratio is currently 2.2 days. Currently, 0.4% of the shares of the company are short sold.

John Hancock High Yield ETF Stock Performance

Shares of NYSEARCA:JHHY opened at $25.34 on Friday. The business has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.98. John Hancock High Yield ETF has a twelve month low of $24.36 and a twelve month high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a dividend of $0.0944 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Wednesday, February 25th.

Institutional Trading of John Hancock High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC acquired a new position in shares of John Hancock High Yield ETF during the third quarter valued at about $49,000. Osaic Holdings Inc. acquired a new stake in shares of John Hancock High Yield ETF during the 2nd quarter worth approximately $88,000. CoreCap Advisors LLC raised its stake in shares of John Hancock High Yield ETF by 3.7% in the third quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock valued at $291,000 after purchasing an additional 401 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of John Hancock High Yield ETF in the third quarter valued at $511,000. Finally, Jane Street Group LLC lifted its position in John Hancock High Yield ETF by 490.1% in the first quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after purchasing an additional 44,704 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.