Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Drops By 68.5%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 53,205 shares, a decrease of 68.5% from the July 30th total of 169,022 shares. Based on an average trading volume of 311,978 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the shares of the stock are short sold.

John Hancock Core Plus Bond ETF Trading Down 0.4%

Shares of NYSEARCA JHCP traded down $0.09 during mid-day trading on Friday, hitting $24.66. 57,255 shares of the stock traded hands, compared to its average volume of 81,122. John Hancock Core Plus Bond ETF has a twelve month low of $24.63 and a twelve month high of $26.14. The firm has a 50 day simple moving average of $24.89 and a two-hundred day simple moving average of $25.13.

Hedge Funds Weigh In On John Hancock Core Plus Bond ETF

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of 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 valued at $107,725,000 after purchasing an additional 1,240,000 shares in the last quarter. Cetera Investment Advisers raised its holdings in John Hancock Core Plus Bond ETF by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 564,742 shares of the company’s stock valued at $14,201,000 after buying an additional 41,435 shares during the last quarter. Beam Wealth Advisors Inc. bought a new position in John Hancock Core Plus Bond ETF in the 4th quarter valued at approximately $268,000. Finally, Jane Street Group LLC acquired a new stake 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.