John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Large Growth in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,374 shares, a growth of 639.6% from the May 14th total of 321 shares. Based on an average daily trading volume, of 51,233 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On John Hancock High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JHHY. Osaic Holdings Inc. purchased a new stake in John Hancock High Yield ETF in the second quarter worth about $88,000. CoreCap Advisors LLC lifted its position in shares of John Hancock High Yield ETF by 35.8% in the 4th quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock worth $391,000 after purchasing an additional 3,994 shares during the period. Citadel Advisors LLC bought a new position in shares of John Hancock High Yield ETF during the third quarter valued at approximately $511,000. Jane Street Group LLC boosted its stake in shares of John Hancock High Yield ETF by 490.1% during the first 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. Finally, Simplicity Wealth LLC increased its holdings in John Hancock High Yield ETF by 50.5% during the fourth quarter. Simplicity Wealth LLC now owns 54,140 shares of the company’s stock valued at $1,398,000 after buying an additional 18,169 shares during the period.

John Hancock High Yield ETF Stock Up 0.6%

Shares of NYSEARCA:JHHY traded up $0.15 during trading hours on Thursday, hitting $25.70. 8,724 shares of the company’s stock traded hands, compared to its average volume of 11,162. The business has a fifty day moving average price of $25.65 and a 200-day moving average price of $25.78. John Hancock High Yield ETF has a 1 year low of $25.04 and a 1 year high of $26.33.

About John Hancock High Yield ETF

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.