John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Significant Increase in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 10,922 shares, an increase of 139.5% from the February 12th total of 4,560 shares. Based on an average trading volume of 4,873 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 4,873 shares, the short-interest ratio is currently 2.2 days.

John Hancock High Yield ETF Price Performance

Shares of JHHY traded down $0.08 during trading hours on Friday, hitting $25.34. The company had a trading volume of 3,557 shares, compared to its average volume of 7,989. The firm has a fifty day moving average price of $25.85 and a 200-day moving average price of $25.98. John Hancock High Yield ETF has a 52-week low of $24.36 and a 52-week high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a $0.0944 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Investors Weigh In On John Hancock High Yield ETF

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in John Hancock High Yield ETF by 490.1% in the 1st quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after acquiring an additional 44,704 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in John Hancock High Yield ETF by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 171,989 shares of the company’s stock valued at $4,437,000 after purchasing an additional 15,745 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of John Hancock High Yield ETF by 397.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock worth $5,486,000 after purchasing an additional 169,883 shares in the last quarter. Osaic Holdings Inc. bought a new stake in shares of John Hancock High Yield ETF in the 2nd quarter worth $88,000. Finally, CWM LLC purchased a new position in shares of John Hancock High Yield ETF in the third quarter worth $49,000.

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.