John Hancock Corporate Bond ETF (NYSEARCA:JHCB – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 104,809 shares, a decline of 44.1% from the September 30th total of 187,476 shares. Based on an average daily trading volume, of 18,675 shares, the days-to-cover ratio is currently 5.6 days. Approximately 2.1% of the company’s stock are sold short.
Institutional Investors Weigh In On John Hancock Corporate Bond ETF
Several institutional investors have recently modified their holdings of the company. Granite Bay Wealth Management LLC raised its stake in John Hancock Corporate Bond ETF by 8.5% in the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock valued at $37,835,000 after buying an additional 140,910 shares in the last quarter. Cetera Investment Advisers lifted its holdings in John Hancock Corporate Bond ETF by 28.5% during the 1st quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock worth $29,637,000 after buying an additional 310,804 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of John Hancock Corporate Bond ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock worth $4,611,000 after acquiring an additional 4,158 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of John Hancock Corporate Bond ETF by 80.6% during the 3rd quarter. Simplicity Wealth LLC now owns 203,802 shares of the company’s stock worth $4,080,000 after acquiring an additional 90,975 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of John Hancock Corporate Bond ETF during the 3rd quarter worth about $3,227,000.
John Hancock Corporate Bond ETF Stock Performance
JHCB stock opened at $20.27 on Tuesday. The company’s 50 day moving average price is $20.38 and its 200 day moving average price is $21.04. John Hancock Corporate Bond ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.00.
John Hancock Corporate Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were issued a dividend of $0.0933 per share. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.0825. The ex-dividend date was Wednesday, October 28th. This represents a $1.12 annualized dividend and a yield of 5.5%.
About John Hancock Corporate Bond ETF
The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.
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