John Hancock High Yield ETF (NYSEARCA:JHHY) Short Interest Up 1,651.8% in April

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 27,031 shares, an increase of 1,651.8% from the April 15th total of 1,543 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 6,025 shares, the short-interest ratio is presently 4.5 days.

Institutional Trading of John Hancock High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JHHY. Jane Street Group LLC increased its holdings 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 valued at $1,366,000 after purchasing an additional 44,704 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in John Hancock High Yield ETF by 397.5% in the second quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock valued at $5,486,000 after acquiring an additional 169,883 shares during the last quarter. Osaic Holdings Inc. bought a new position in John Hancock High Yield ETF in the second quarter valued at approximately $88,000. CWM LLC bought a new position in John Hancock High Yield ETF in the third quarter valued at approximately $49,000. Finally, CoreCap Advisors LLC boosted its stake in John Hancock High Yield ETF by 3.7% in the third quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock valued at $291,000 after acquiring an additional 401 shares during the last quarter.

John Hancock High Yield ETF Stock Performance

Shares of John Hancock High Yield ETF stock traded down $0.05 during midday trading on Monday, reaching $25.66. The company had a trading volume of 1,811 shares, compared to its average volume of 7,402. The stock has a fifty day simple moving average of $25.60 and a 200 day simple moving average of $25.84. 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 Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.0944 dividend. 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 4.4%.

About John Hancock High Yield ETF

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.