John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Update

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 35,420 shares, a growth of 142.8% from the December 15th total of 14,591 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 31,930 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 31,930 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the stock are short sold.

John Hancock Preferred Income ETF Price Performance

NYSEARCA JHPI traded up $0.02 on Friday, reaching $23.08. 10,134 shares of the company’s stock traded hands, compared to its average volume of 96,120. The stock has a market cap of $128.09 million, a PE ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 12 month low of $21.57 and a 12 month high of $23.56. The stock has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $22.99.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

Several large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its stake in John Hancock Preferred Income ETF by 421.7% during the 3rd quarter. Private Advisor Group LLC now owns 758,690 shares of the company’s stock worth $17,579,000 after purchasing an additional 613,277 shares in the last quarter. FFG Retirement Advisors LLC acquired a new position in shares of John Hancock Preferred Income ETF during the 3rd quarter worth about $3,957,000. Burk Holdings LLC purchased a new position in shares of John Hancock Preferred Income ETF in the 3rd quarter valued at about $2,846,000. Uniting Wealth Partners LLC acquired a new stake in shares of John Hancock Preferred Income ETF during the 3rd quarter worth about $2,669,000. Finally, Granite Bay Wealth Management LLC increased its position in shares of John Hancock Preferred Income ETF by 9.4% during the third quarter. Granite Bay Wealth Management LLC now owns 706,638 shares of the company’s stock worth $16,373,000 after purchasing an additional 60,486 shares in the last quarter.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.