John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Large Growth in Short Interest

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 55,204 shares, a growth of 125.5% from the August 15th total of 24,479 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,263 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in JHCB. Robbins Farley increased its stake in shares of John Hancock Corporate Bond ETF by 5.0% during the second quarter. Robbins Farley now owns 20,239 shares of the company’s stock valued at $429,000 after buying an additional 959 shares during the period. CoreCap Advisors LLC increased its stake in shares of John Hancock Corporate Bond ETF by 11.0% during the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock valued at $660,000 after purchasing an additional 3,077 shares in the last quarter. Cetera Investment Advisers raised its stake in John Hancock Corporate Bond ETF by 28.5% during the first quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock valued at $29,637,000 after buying an additional 310,804 shares during the last quarter. Granite Bay Wealth Management LLC boosted its holdings in John Hancock Corporate Bond ETF by 8.5% in the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after acquiring an additional 140,910 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock worth $2,087,000 after acquiring an additional 20,514 shares in the last quarter.

John Hancock Corporate Bond ETF Trading Down 0.1%

JHCB stock traded down $0.02 during mid-day trading on Tuesday, hitting $20.46. 8,378 shares of the stock were exchanged, compared to its average volume of 25,183. The business has a fifty day moving average price of $20.82 and a 200 day moving average price of $21.12. John Hancock Corporate Bond ETF has a 12 month low of $20.44 and a 12 month high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 29th were issued a dividend of $0.0995 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 5.8%. This is an increase from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.09.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.