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

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 35,420 shares, a growth of 142.8% from the December 15th total of 14,591 shares. Based on an average daily volume of 31,930 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 31,930 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On John Hancock Preferred Income ETF

A number of hedge funds have recently bought and sold shares of JHPI. Private Advisor Group LLC increased its stake in John Hancock Preferred Income ETF by 421.7% during the 3rd quarter. Private Advisor Group LLC now owns 758,690 shares of the company’s stock valued at $17,579,000 after purchasing an additional 613,277 shares in the last quarter. FFG Retirement Advisors LLC purchased a new position in John Hancock Preferred Income ETF in the 3rd quarter worth approximately $3,957,000. Burk Holdings LLC bought a new position in John Hancock Preferred Income ETF in the 3rd quarter valued at approximately $2,846,000. Uniting Wealth Partners LLC purchased a new stake in John Hancock Preferred Income ETF during the 3rd quarter valued at $2,669,000. Finally, Granite Bay Wealth Management LLC boosted its stake in John Hancock Preferred Income ETF by 9.4% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 706,638 shares of the company’s stock valued at $16,373,000 after purchasing an additional 60,486 shares during the last quarter.

John Hancock Preferred Income ETF Stock Up 0.0%

John Hancock Preferred Income ETF stock opened at $22.99 on Wednesday. John Hancock Preferred Income ETF has a twelve month low of $21.57 and a twelve month high of $23.56. The company has a market capitalization of $125.76 million, a P/E ratio of 60.41 and a beta of 0.40. The stock’s 50 day moving average is $22.95 and its 200 day moving average is $22.99.

John Hancock Preferred Income ETF Company Profile

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.