Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Drops By 98.8%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 321 shares, a decline of 98.8% from the April 30th total of 27,031 shares. Based on an average trading volume of 4,384 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On John Hancock High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in shares of 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 worth $2,064,000 after buying an additional 1,668 shares during the period. NewEdge Wealth LLC raised its holdings in shares of John Hancock High Yield ETF by 7.7% in the first quarter. NewEdge Wealth LLC now owns 167,833 shares of the company’s stock worth $4,254,000 after buying an additional 11,965 shares during the period. Simplicity Wealth LLC lifted its position in shares of John Hancock High Yield ETF by 27.9% during the first quarter. Simplicity Wealth LLC now owns 69,228 shares of the company’s stock worth $1,755,000 after purchasing an additional 15,088 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of John Hancock High Yield ETF by 59.4% during 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. Finally, JPMorgan Chase & Co. lifted its position in shares of John Hancock High Yield ETF by 3.0% during the fourth 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 during the last quarter.

John Hancock High Yield ETF Stock Down 0.4%

Shares of NYSEARCA:JHHY traded down $0.11 during trading hours on Wednesday, hitting $25.60. 6,784 shares of the company’s stock traded hands, compared to its average volume of 10,262. The business has a fifty day moving average price of $25.59 and a 200-day moving average price of $25.80. John Hancock High Yield ETF has a 1 year low of $25.04 and a 1 year high of $26.33.

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.