Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Expands By 1,316.9%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 73,395 shares, a growth of 1,316.9% from the May 14th total of 5,180 shares. Based on an average daily volume of 38,230 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the company’s shares are sold short.

John Hancock Core Plus Bond ETF Trading Up 0.2%

NYSEARCA JHCP traded up $0.04 during trading hours on Tuesday, hitting $24.99. 3,402 shares of the company’s stock were exchanged, compared to its average volume of 27,395. The stock has a 50-day simple moving average of $25.14 and a 200 day simple moving average of $25.35. John Hancock Core Plus Bond ETF has a 1-year low of $24.76 and a 1-year high of $26.14.

Institutional Investors Weigh In On John Hancock Core Plus Bond ETF

Several large investors have recently added to or reduced their stakes in JHCP. The Manufacturers Life Insurance Company grew its stake in John Hancock Core Plus Bond ETF by 40.7% during the first quarter. The Manufacturers Life Insurance Company now owns 4,284,000 shares of the company’s stock worth $107,725,000 after purchasing an additional 1,240,000 shares during the period. Cetera Investment Advisers grew its stake in John Hancock Core Plus Bond ETF by 259.7% during the fourth quarter. Cetera Investment Advisers now owns 523,307 shares of the company’s stock worth $13,263,000 after purchasing an additional 377,840 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in John Hancock Core Plus Bond ETF in the 4th quarter valued at about $3,456,000. Coign Capital Advisors LLC increased its position in John Hancock Core Plus Bond ETF by 6.7% in the 4th quarter. Coign Capital Advisors LLC now owns 523,272 shares of the company’s stock valued at $13,262,000 after buying an additional 32,664 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in John Hancock Core Plus Bond ETF during the 1st quarter worth approximately $364,000.

About John Hancock Core Plus Bond ETF

The John Hancock Core Plus Bond ETF (JHCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed with a focus on a diversified bond portfolio, which includes a potential 20% allocation to high-yield bonds. The fund aims for a high level of current income while also considering ESG factors in its investment analysis JHCP was launched on Dec 18, 2024 and is issued by John Hancock.