John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Up 1,651.8% in April

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 27,031 shares, a growth of 1,651.8% from the April 15th total of 1,543 shares. Based on an average trading volume of 6,025 shares, the short-interest ratio is presently 4.5 days. Approximately 0.9% of the shares of the company are short sold.

John Hancock High Yield ETF Stock Down 0.2%

JHHY stock traded down $0.05 during mid-day trading on Monday, reaching $25.66. 1,811 shares of the stock traded hands, compared to its average volume of 7,402. John Hancock High Yield ETF has a 52 week low of $25.04 and a 52 week high of $26.33. The business has a 50-day moving average of $25.60 and a two-hundred day moving average of $25.84.

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 $0.0944 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Wednesday, February 25th.

Institutional Investors Weigh In On John Hancock High Yield ETF

Several hedge funds have recently made changes to their positions in JHHY. CWM LLC bought a new stake in shares of John Hancock High Yield ETF in the third quarter valued at about $49,000. Osaic Holdings Inc. bought a new stake in shares of John Hancock High Yield ETF in the second quarter valued at about $88,000. CoreCap Advisors LLC lifted 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 buying an additional 401 shares during the period. Citadel Advisors LLC acquired a new position in John Hancock High Yield ETF in the third quarter worth about $511,000. Finally, Jane Street Group LLC raised 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 in the last quarter.

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.