John Hancock International High Dividend ETF (NYSEARCA:JHID) Sees Large Drop in Short Interest

John Hancock International High Dividend ETF (NYSEARCA:JHID) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,676 shares, a drop of 36.7% from the January 29th total of 7,389 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 692 shares, the short-interest ratio is presently 6.8 days. Based on an average daily volume of 692 shares, the short-interest ratio is presently 6.8 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Trading of John Hancock International High Dividend ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of John Hancock International High Dividend ETF by 73.6% in the 4th quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock worth $203,000 after acquiring an additional 2,262 shares in the last quarter. Jane Street Group LLC acquired a new stake in John Hancock International High Dividend ETF in the 4th quarter valued at $259,000. Valmark Advisers Inc. increased its position in shares of John Hancock International High Dividend ETF by 140.6% during the third quarter. Valmark Advisers Inc. now owns 15,683 shares of the company’s stock worth $561,000 after acquiring an additional 9,165 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in shares of John Hancock International High Dividend ETF by 5.6% in the third quarter. WealthPlan Investment Management LLC now owns 68,283 shares of the company’s stock worth $2,442,000 after purchasing an additional 3,622 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in John Hancock International High Dividend ETF by 6.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock valued at $12,796,000 after acquiring an additional 20,000 shares in the last quarter.

John Hancock International High Dividend ETF Price Performance

JHID traded down $0.01 during trading on Friday, reaching $42.59. The company had a trading volume of 55 shares, compared to its average volume of 1,089. The business’s fifty day moving average price is $40.26 and its 200 day moving average price is $37.57. The company has a market cap of $11.93 million, a P/E ratio of 10.89 and a beta of 0.69. John Hancock International High Dividend ETF has a 12 month low of $27.57 and a 12 month high of $44.19.

John Hancock International High Dividend ETF Company Profile

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.