Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Drops By 33.7%

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 6,732 shares, a drop of 33.7% from the December 15th total of 10,149 shares. Based on an average daily volume of 6,092 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,092 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in shares of 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 valued at $1,366,000 after purchasing an additional 44,704 shares in the last quarter. ORG Partners LLC bought a new position in John Hancock High Yield ETF in the 2nd quarter valued at approximately $96,000. Simplicity Wealth LLC lifted its stake in John Hancock High Yield ETF by 455.3% in the 2nd quarter. Simplicity Wealth LLC now owns 46,408 shares of the company’s stock valued at $1,197,000 after purchasing an additional 38,050 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in John Hancock High Yield ETF by 10.1% in the second quarter. Envestnet Asset Management Inc. now owns 171,989 shares of the company’s stock valued at $4,437,000 after buying an additional 15,745 shares in the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of John Hancock High Yield ETF during the second quarter worth $5,886,000.

John Hancock High Yield ETF Price Performance

Shares of John Hancock High Yield ETF stock traded up $0.03 during trading on Friday, reaching $25.97. 9,806 shares of the company’s stock were exchanged, compared to its average volume of 4,546. John Hancock High Yield ETF has a 1-year low of $24.36 and a 1-year high of $26.33. The firm’s 50-day moving average price is $25.98 and its 200 day moving average price is $25.98.

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.