John Hancock International High Dividend ETF (NYSEARCA:JHID) Stock Short Interest Falls 59.5%

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 834 shares, a decrease of 59.5% from the September 15th total of 2,061 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,195 shares, the days-to-cover ratio is currently 0.2 days.

John Hancock International High Dividend ETF Trading Up 0.5%

NYSEARCA JHID traded up $0.22 during trading hours on Thursday, reaching $42.19. The company’s stock had a trading volume of 11 shares, compared to its average volume of 1,033. The business has a 50-day simple moving average of $43.64 and a 200 day simple moving average of $42.91. John Hancock International High Dividend ETF has a 52 week low of $35.44 and a 52 week high of $44.77. The stock has a market cap of $11.81 million, a PE ratio of 10.89 and a beta of 0.61.

John Hancock International High Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.2842 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, September 28th. This is a negative change from John Hancock International High Dividend ETF’s previous quarterly dividend of $0.8202.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in John Hancock International High Dividend ETF stock. Royal Bank of Canada boosted its stake in John Hancock International High Dividend ETF (NYSEARCA:JHID) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,718 shares of the company’s stock after buying an additional 383 shares during the period. Royal Bank of Canada owned 2.04% of John Hancock International High Dividend ETF worth $232,000 as of its most recent SEC filing.

About John Hancock International High Dividend ETF

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.