John Hancock Corporate Bond ETF (NYSEARCA:JHCB – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 24,479 shares, a decrease of 63.9% from the July 30th total of 67,828 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 96,206 shares, the days-to-cover ratio is currently 0.3 days.
John Hancock Corporate Bond ETF Stock Down 0.3%
Shares of JHCB traded down $0.07 during midday trading on Friday, reaching $20.71. The company had a trading volume of 19,616 shares, compared to its average volume of 25,457. John Hancock Corporate Bond ETF has a 1-year low of $20.57 and a 1-year high of $22.03. The firm has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $21.21.
Institutional Investors Weigh In On John Hancock Corporate Bond ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in John Hancock Corporate Bond ETF during the second quarter worth about $32,000. Robbins Farley grew its stake in shares of John Hancock Corporate Bond ETF by 23.1% in the 1st quarter. Robbins Farley now owns 19,280 shares of the company’s stock valued at $408,000 after buying an additional 3,615 shares during the period. Advisory Services Network LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the 2nd quarter valued at approximately $412,000. Rubicon Advisors GP acquired a new position in John Hancock Corporate Bond ETF in the fourth quarter valued at about $484,000. Finally, Citadel Advisors LLC acquired a new position in John Hancock Corporate Bond ETF in the third quarter valued at about $548,000.
About John Hancock Corporate Bond ETF
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.
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