John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Up 411.0% in April

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 26,028 shares, an increase of 411.0% from the April 15th total of 5,094 shares. Based on an average daily volume of 24,369 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the company’s shares are sold short.

John Hancock Corporate Bond ETF Stock Performance

JHCB remained flat at $21.21 during trading on Thursday. The company had a trading volume of 12,314 shares, compared to its average volume of 23,591. The company has a 50-day moving average of $21.29 and a 200-day moving average of $21.53. John Hancock Corporate Bond ETF has a 1 year low of $20.83 and a 1 year high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a $0.057 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. This is an increase from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

Several hedge funds have recently made changes to their positions in JHCB. Jane Street Group LLC grew its position in John Hancock Corporate Bond ETF by 326.4% during the 1st quarter. Jane Street Group LLC now owns 65,185 shares of the company’s stock worth $1,384,000 after purchasing an additional 49,899 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the second quarter valued at $32,000. Advisory Services Network LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the second quarter valued at $412,000. Osaic Holdings Inc. boosted its position in shares of John Hancock Corporate Bond ETF by 17.5% in the second quarter. Osaic Holdings Inc. now owns 48,109 shares of the company’s stock worth $1,031,000 after buying an additional 7,150 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of John Hancock Corporate Bond ETF by 0.8% during the third quarter. Envestnet Asset Management Inc. now owns 211,147 shares of the company’s stock valued at $4,586,000 after buying an additional 1,760 shares in the last quarter.

John Hancock Corporate Bond ETF Company Profile

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.