Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Drops By 94.9%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,719 shares, a decline of 94.9% from the May 31st total of 73,395 shares. Based on an average daily volume of 23,773 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

John Hancock Core Plus Bond ETF Stock Performance

Shares of JHCP stock traded up $0.02 during trading on Thursday, reaching $25.24. 10,484 shares of the company’s stock traded hands, compared to its average volume of 26,278. The firm’s 50-day moving average is $25.12 and its 200 day moving average is $25.32. John Hancock Core Plus Bond ETF has a 1 year low of $24.79 and a 1 year high of $26.14.

Institutional Investors Weigh In On John Hancock Core Plus Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of John Hancock Core Plus Bond ETF in the first quarter worth $364,000. Coign Capital Advisors LLC raised its stake in shares of John Hancock Core Plus Bond ETF by 6.7% during the 4th quarter. Coign Capital Advisors LLC now owns 523,272 shares of the company’s stock valued at $13,262,000 after purchasing an additional 32,664 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in John Hancock Core Plus Bond ETF during the 4th quarter worth about $3,456,000. Beam Wealth Advisors Inc. purchased a new stake in John Hancock Core Plus Bond ETF during the 4th quarter worth about $268,000. Finally, Cetera Investment Advisers boosted its stake in John Hancock Core Plus Bond ETF by 259.7% in the 4th quarter. Cetera Investment Advisers now owns 523,307 shares of the company’s stock worth $13,263,000 after purchasing an additional 377,840 shares during the period.

About John Hancock Core Plus Bond ETF

The John Hancock Core Plus Bond ETF (JHCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed with a focus on a diversified bond portfolio, which includes a potential 20% allocation to high-yield bonds. The fund aims for a high level of current income while also considering ESG factors in its investment analysis JHCP was launched on Dec 18, 2024 and is issued by John Hancock.