John Hancock International High Dividend ETF (NYSEARCA:JHID) Sees Large Decrease in Short Interest

John Hancock International High Dividend ETF (NYSEARCA:JHID) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,735 shares, a decline of 40.3% from the May 14th total of 6,258 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 769 shares, the days-to-cover ratio is presently 4.9 days.

John Hancock International High Dividend ETF Price Performance

Shares of John Hancock International High Dividend ETF stock traded up $0.14 during trading on Monday, hitting $43.57. 2,090 shares of the company were exchanged, compared to its average volume of 867. The firm has a market capitalization of $12.20 million, a P/E ratio of 10.89 and a beta of 0.60. John Hancock International High Dividend ETF has a 1-year low of $33.18 and a 1-year high of $44.19. The firm’s fifty day moving average price is $42.54 and its 200 day moving average price is $40.69.

Hedge Funds Weigh In On John Hancock International High Dividend ETF

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of John Hancock International High Dividend ETF by 73.6% during the 4th quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock worth $203,000 after buying an additional 2,262 shares during the period. Jane Street Group LLC acquired a new position in shares of John Hancock International High Dividend ETF in the 4th quarter valued at approximately $259,000. Valmark Advisers Inc. grew its position in shares of John Hancock International High Dividend ETF by 21.6% in the 4th quarter. Valmark Advisers Inc. now owns 19,068 shares of the company’s stock valued at $726,000 after purchasing an additional 3,385 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of John Hancock International High Dividend ETF by 6.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock valued at $12,796,000 after purchasing an additional 20,000 shares during the period.

John Hancock International High Dividend ETF Company Profile

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.