Short Interest in John Hancock Preferred Income ETF (NYSEARCA:JHPI) Rises By 210.4%

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 101,001 shares, an increase of 210.4% from the August 15th total of 32,536 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 37,821 shares, the days-to-cover ratio is currently 2.7 days.

John Hancock Preferred Income ETF Trading Down 0.1%

NYSEARCA JHPI traded down $0.02 on Monday, reaching $22.23. 53,951 shares of the stock were exchanged, compared to its average volume of 48,645. John Hancock Preferred Income ETF has a one year low of $22.15 and a one year high of $23.56. The firm has a market capitalization of $208.96 million, a PE ratio of 60.41 and a beta of 0.37. The company’s 50-day simple moving average is $22.57 and its two-hundred day simple moving average is $22.78.

John Hancock Preferred Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 29th were paid a dividend of $0.1434 per share. This is a positive change from John Hancock Preferred Income ETF’s previous monthly dividend of $0.12. The ex-dividend date was Wednesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of John Hancock Preferred Income ETF in the fourth quarter worth about $75,000. Compass Financial Management LLC purchased a new position in John Hancock Preferred Income ETF in the 2nd quarter worth approximately $106,000. Capital Advisors Ltd. LLC lifted its holdings in John Hancock Preferred Income ETF by 14.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 12,599 shares of the company’s stock worth $284,000 after purchasing an additional 1,625 shares in the last quarter. Laurel Oak Wealth Management LLC bought a new position in John Hancock Preferred Income ETF in the 1st quarter worth approximately $303,000. Finally, Quad Cities Investment Group LLC grew its holdings in John Hancock Preferred Income ETF by 2.1% during the 2nd quarter. Quad Cities Investment Group LLC now owns 22,538 shares of the company’s stock valued at $512,000 after buying an additional 473 shares in the last quarter.

John Hancock Preferred Income ETF Company Profile

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.