John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Large Decline in Short Interest

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 104,809 shares, a decline of 44.1% from the September 30th total of 187,476 shares. Based on an average trading volume of 18,675 shares, the short-interest ratio is currently 5.6 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Trading of John Hancock Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Robbins Farley boosted its position in shares of John Hancock Corporate Bond ETF by 5.0% during the 2nd quarter. Robbins Farley now owns 20,239 shares of the company’s stock worth $429,000 after acquiring an additional 959 shares in the last quarter. CoreCap Advisors LLC lifted its stake in John Hancock Corporate Bond ETF by 11.0% during the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock worth $660,000 after purchasing an additional 3,077 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in John Hancock Corporate Bond ETF by 23.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock worth $380,000 after purchasing an additional 3,424 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in John Hancock Corporate Bond ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock valued at $4,611,000 after purchasing an additional 4,158 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares in the last quarter.

John Hancock Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA:JHCB traded down $0.02 during trading hours on Friday, reaching $20.30. The stock had a trading volume of 17,125 shares, compared to its average volume of 25,007. John Hancock Corporate Bond ETF has a 1 year low of $19.83 and a 1 year high of $22.00. The firm’s 50 day moving average is $20.39 and its 200-day moving average is $21.05.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were issued a $0.0933 dividend. This represents a $1.12 annualized dividend and a yield of 5.5%. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.0825. The ex-dividend date of this dividend was Wednesday, October 28th.

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.