Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Declines By 41.5%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 3,989 shares, a decline of 41.5% from the January 15th total of 6,823 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,354 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 6,354 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On John Hancock High Yield ETF

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in John Hancock High Yield ETF by 59.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock worth $63,826,000 after purchasing an additional 921,000 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of John Hancock High Yield ETF by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 226,487 shares of the company’s stock worth $5,850,000 after purchasing an additional 6,634 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in shares of John Hancock High Yield ETF in the 4th quarter worth $4,026,000. Simplicity Wealth LLC grew its stake in John Hancock High Yield ETF by 50.5% during the 4th quarter. Simplicity Wealth LLC now owns 54,140 shares of the company’s stock worth $1,398,000 after buying an additional 18,169 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in John Hancock High Yield ETF by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock valued at $391,000 after buying an additional 3,994 shares in the last quarter.

John Hancock High Yield ETF Price Performance

JHHY traded up $0.01 on Friday, hitting $25.92. The company had a trading volume of 5,746 shares, compared to its average volume of 10,135. The stock has a fifty day moving average price of $25.96 and a 200-day moving average price of $26.00. John Hancock High Yield ETF has a 12-month low of $24.36 and a 12-month high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were paid a dividend of $0.0964 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, January 28th.

John Hancock High Yield ETF Company Profile

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.