John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Update

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 25,648 shares, an increase of 377.0% from the January 15th total of 5,377 shares. Based on an average trading volume of 20,304 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 20,304 shares, the days-to-cover ratio is presently 1.3 days.

John Hancock Corporate Bond ETF Trading Up 0.2%

NYSEARCA:JHCB traded up $0.05 during mid-day trading on Friday, hitting $21.72. The company had a trading volume of 8,864 shares, compared to its average volume of 15,361. The business has a fifty day simple moving average of $21.60 and a 200-day simple moving average of $21.66. John Hancock Corporate Bond ETF has a 1 year low of $20.38 and a 1 year high of $22.03.

John Hancock Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were given a $0.0555 dividend. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, January 28th.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHCB. Granite Bay Wealth Management LLC raised its stake in shares of John Hancock Corporate Bond ETF by 9.0% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,648,326 shares of the company’s stock valued at $35,455,000 after purchasing an additional 135,734 shares during the period. Legacy CG LLC boosted its position in shares of John Hancock Corporate Bond ETF by 11.4% in the fourth quarter. Legacy CG LLC now owns 446,625 shares of the company’s stock valued at $9,607,000 after acquiring an additional 45,663 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of John Hancock Corporate Bond ETF by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 211,147 shares of the company’s stock valued at $4,586,000 after buying an additional 1,760 shares during the period. LPL Financial LLC raised its position in shares of John Hancock Corporate Bond ETF by 54.3% in the 4th quarter. LPL Financial LLC now owns 188,352 shares of the company’s stock valued at $4,051,000 after buying an additional 66,304 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of John Hancock Corporate Bond ETF by 21.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 91,784 shares of the company’s stock worth $1,974,000 after buying an additional 16,486 shares during the last quarter.

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.