John Hancock High Yield ETF (NYSEARCA:JHHY) Stock Short Interest Report for October

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,933 shares, a growth of 466.9% from the October 15th total of 1,223 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 24,909 shares, the short-interest ratio is currently 0.3 days.

John Hancock High Yield ETF Price Performance

Shares of JHHY traded down $0.04 during mid-day trading on Friday, hitting $24.61. 23,343 shares of the company’s stock were exchanged, compared to its average volume of 20,193. John Hancock High Yield ETF has a fifty-two week low of $24.51 and a fifty-two week high of $26.20. The business’s 50 day moving average is $24.87 and its two-hundred day moving average is $25.45.

John Hancock High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were given a $0.1338 dividend. The ex-dividend date was Wednesday, October 28th. This represents a $1.61 annualized dividend and a dividend yield of 6.5%. This is a boost from John Hancock High Yield ETF’s previous monthly dividend of $0.1304.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of John Hancock High Yield ETF by 19.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,434 shares of the company’s stock valued at $343,000 after buying an additional 2,198 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of John Hancock High Yield ETF in the 3rd quarter worth approximately $454,000. CoreCap Advisors LLC boosted its holdings in shares of John Hancock High Yield ETF by 7.9% in the second quarter. CoreCap Advisors LLC now owns 20,938 shares of the company’s stock worth $535,000 after buying an additional 1,524 shares during the period. Iams Wealth Management LLC acquired a new position in shares of John Hancock High Yield ETF in the 3rd quarter valued at about $1,805,000. Finally, NewEdge Advisors LLC raised its stake in shares of John Hancock High Yield ETF by 2.1% during the 1st quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock worth $2,064,000 after purchasing an additional 1,668 shares in the last quarter.

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.