John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Significant Increase in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,034 shares, an increase of 491.2% from the May 31st total of 2,374 shares. Based on an average daily volume of 11,453 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of John Hancock High Yield ETF

Hedge funds have recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC grew its holdings in John Hancock High Yield ETF by 10.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after buying an additional 32,594 shares during the period. Kensington Asset Management LLC lifted its holdings in shares of John Hancock High Yield ETF by 1,300.6% during the 3rd quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock worth $9,146,000 after acquiring an additional 325,152 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of John Hancock High Yield ETF in the fourth quarter worth approximately $4,026,000. Jane Street Group LLC boosted its position in shares of John Hancock High Yield ETF by 490.1% in the first quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after acquiring an additional 44,704 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in John Hancock High Yield ETF in the third quarter valued at approximately $511,000.

John Hancock High Yield ETF Price Performance

Shares of JHHY stock traded down $0.14 during mid-day trading on Friday, hitting $25.57. 2,527 shares of the company’s stock were exchanged, compared to its average volume of 11,442. John Hancock High Yield ETF has a fifty-two week low of $25.04 and a fifty-two week high of $26.33. The stock has a 50-day simple moving average of $25.67 and a two-hundred day simple moving average of $25.75.

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.