John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Down 41.5% in January

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 3,989 shares, a decrease of 41.5% from the January 15th total of 6,823 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 6,354 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 6,354 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

John Hancock High Yield ETF Stock Up 0.0%

Shares of JHHY stock traded up $0.01 on Friday, hitting $25.92. 5,746 shares of the stock traded hands, compared to its average volume of 10,135. John Hancock High Yield ETF has a 52 week low of $24.36 and a 52 week high of $26.33. The firm has a 50 day simple moving average of $25.96 and a two-hundred day simple moving average of $26.00.

John Hancock High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were issued a dividend of $0.0964 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, January 28th.

Hedge Funds Weigh In On John Hancock High Yield ETF

Several institutional investors have recently added to or reduced their stakes in JHHY. The Manufacturers Life Insurance Company increased its position in John Hancock High Yield ETF by 59.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock worth $63,826,000 after purchasing an additional 921,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of John Hancock High Yield ETF by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 226,487 shares of the company’s stock worth $5,850,000 after buying an additional 6,634 shares in the last quarter. NewEdge Wealth LLC bought a new stake in shares of John Hancock High Yield ETF in the 4th quarter worth about $4,026,000. Simplicity Wealth LLC increased its holdings in shares of John Hancock High Yield ETF by 50.5% in the 4th quarter. Simplicity Wealth LLC now owns 54,140 shares of the company’s stock worth $1,398,000 after buying an additional 18,169 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of John Hancock High Yield ETF by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock valued at $391,000 after buying an additional 3,994 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.