Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Increases By 146.4%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 169,022 shares, an increase of 146.4% from the July 15th total of 68,598 shares. Based on an average trading volume of 193,991 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.9% of the company’s shares are sold short.

John Hancock Core Plus Bond ETF Trading Down 0.1%

Shares of JHCP opened at $24.82 on Friday. John Hancock Core Plus Bond ETF has a fifty-two week low of $24.63 and a fifty-two week high of $26.14. The stock has a fifty day moving average of $24.95 and a two-hundred day moving average of $25.18.

Hedge Funds Weigh In On John Hancock Core Plus Bond ETF

Several large investors have recently added to or reduced their stakes in JHCP. Beam Wealth Advisors Inc. purchased a new stake in John Hancock Core Plus Bond ETF in the 4th quarter valued at about $268,000. Jane Street Group LLC purchased a new position in shares of John Hancock Core Plus Bond ETF during the 1st quarter worth about $364,000. Cetera Investment Advisers grew its holdings in John Hancock Core Plus Bond ETF by 259.7% in the fourth quarter. Cetera Investment Advisers now owns 523,307 shares of the company’s stock valued at $13,263,000 after purchasing an additional 377,840 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in John Hancock Core Plus Bond ETF by 40.7% during the first quarter. The Manufacturers Life Insurance Company now owns 4,284,000 shares of the company’s stock worth $107,725,000 after purchasing an additional 1,240,000 shares during the last quarter.

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.