Short Interest in John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Declines By 69.2%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 8,600 shares, a decline of 69.2% from the February 12th total of 27,910 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,017 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 44,017 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

John Hancock Corporate Bond ETF Stock Performance

Shares of JHCB traded down $0.13 during midday trading on Wednesday, hitting $21.37. 1,199 shares of the company’s stock traded hands, compared to its average volume of 22,379. The firm’s fifty day moving average is $21.60 and its 200-day moving average is $21.69. John Hancock Corporate Bond ETF has a 1 year low of $20.38 and a 1 year high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given a $0.057 dividend. This is a positive change from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JHCB. Cetera Investment Advisers increased its holdings in shares of John Hancock Corporate Bond ETF by 1,510.6% during the 4th quarter. Cetera Investment Advisers now owns 1,089,136 shares of the company’s stock worth $23,427,000 after buying an additional 1,021,511 shares during the last quarter. Legacy CG LLC bought a new stake in shares of John Hancock Corporate Bond ETF in the 3rd quarter worth approximately $8,709,000. Granite Bay Wealth Management LLC increased its holdings in shares of John Hancock Corporate Bond ETF by 12.8% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 1,512,592 shares of the company’s stock valued at $32,853,000 after purchasing an additional 171,565 shares during the period. LPL Financial LLC increased its position in John Hancock Corporate Bond ETF by 54.3% in the 4th quarter. LPL Financial LLC now owns 188,352 shares of the company’s stock worth $4,051,000 after buying an additional 66,304 shares during the period. Finally, Jane Street Group LLC increased its stake in John Hancock Corporate Bond ETF by 326.4% in the first quarter. Jane Street Group LLC now owns 65,185 shares of the company’s stock valued at $1,384,000 after acquiring an additional 49,899 shares during the period.

About John Hancock Corporate Bond ETF

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.