John Hancock High Yield ETF (NYSEARCA:JHHY) Shares Shorted: Short Interest Down 87.6% in October

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,223 shares, a drop of 87.6% from the September 30th total of 9,853 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 43,333 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in John Hancock High Yield ETF by 19.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,434 shares of the company’s stock valued at $343,000 after purchasing an additional 2,198 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of John Hancock High Yield ETF by 7.9% during the 2nd quarter. CoreCap Advisors LLC now owns 20,938 shares of the company’s stock worth $535,000 after purchasing an additional 1,524 shares during the period. Simplicity Wealth LLC increased its holdings in John Hancock High Yield ETF by 27.9% in the first quarter. Simplicity Wealth LLC now owns 69,228 shares of the company’s stock valued at $1,755,000 after buying an additional 15,088 shares in the last quarter. Iams Wealth Management LLC acquired a new position in John Hancock High Yield ETF during the third quarter worth $1,805,000. Finally, NewEdge Advisors LLC grew its holdings in John Hancock High Yield ETF by 2.1% in the first quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock valued at $2,064,000 after purchasing an additional 1,668 shares during the last quarter.

John Hancock High Yield ETF Price Performance

Shares of JHHY stock traded up $0.10 on Tuesday, hitting $24.80. The stock had a trading volume of 2,371 shares, compared to its average volume of 19,908. John Hancock High Yield ETF has a 1 year low of $24.51 and a 1 year high of $26.25. The company’s 50 day moving average price is $25.09 and its 200-day moving average price is $25.53.

John Hancock High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a $0.1304 dividend. This represents a $1.56 annualized dividend and a yield of 6.3%. This is a negative change from John Hancock High Yield ETF’s previous monthly dividend of $0.1434. The ex-dividend date of this dividend was Monday, September 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.