Short Interest in John Hancock Preferred Income ETF (NYSEARCA:JHPI) Drops By 76.8%

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 22,451 shares, a drop of 76.8% from the January 15th total of 96,670 shares. Based on an average daily trading volume, of 36,548 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 36,548 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On John Hancock Preferred Income ETF

Large investors have recently modified their holdings of the stock. Beacon Financial Advisory LLC lifted its stake in shares of John Hancock Preferred Income ETF by 1.2% during the 3rd quarter. Beacon Financial Advisory LLC now owns 37,092 shares of the company’s stock worth $859,000 after buying an additional 446 shares during the last quarter. HighTower Advisors LLC grew its stake in John Hancock Preferred Income ETF by 2.4% in the 4th quarter. HighTower Advisors LLC now owns 35,626 shares of the company’s stock valued at $814,000 after buying an additional 833 shares during the last quarter. Stonebridge Financial Planning Group LLC raised its holdings in John Hancock Preferred Income ETF by 14.7% in the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 10,650 shares of the company’s stock valued at $240,000 after acquiring an additional 1,368 shares during the period. 1620 Investment Advisors Inc. lifted its position in John Hancock Preferred Income ETF by 3.1% during the third quarter. 1620 Investment Advisors Inc. now owns 59,087 shares of the company’s stock worth $1,369,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in John Hancock Preferred Income ETF during the third quarter worth approximately $50,000.

John Hancock Preferred Income ETF Stock Up 0.1%

Shares of NYSEARCA JHPI traded up $0.03 during midday trading on Wednesday, hitting $23.18. 62,914 shares of the company’s stock were exchanged, compared to its average volume of 61,561. The firm has a market capitalization of $148.35 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 company’s 50 day moving average price is $23.01 and its 200 day moving average price is $23.05.

John Hancock Preferred Income 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 given a dividend of $0.0452 per share. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, January 28th.

About John Hancock Preferred Income ETF

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.