John Hancock International High Dividend ETF (NYSEARCA:JHID) Short Interest Up 230.5% in January

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 9,095 shares, a growth of 230.5% from the December 31st total of 2,752 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average trading volume of 2,416 shares, the days-to-cover ratio is currently 3.8 days. Based on an average trading volume of 2,416 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.2% of the company’s shares are sold short.

John Hancock International High Dividend ETF Stock Down 0.8%

NYSEARCA:JHID traded down $0.32 during mid-day trading on Friday, hitting $40.65. 447 shares of the stock traded hands, compared to its average volume of 1,437. John Hancock International High Dividend ETF has a 52 week low of $27.57 and a 52 week high of $40.97. The stock has a market capitalization of $11.38 million, a price-to-earnings ratio of 10.89 and a beta of 0.69. The firm’s 50 day moving average is $38.45 and its two-hundred day moving average is $36.46.

Institutional Investors Weigh In On John Hancock International High Dividend ETF

An institutional investor recently raised its position in John Hancock International High Dividend ETF stock. Valmark Advisers Inc. boosted its stake in shares of John Hancock International High Dividend ETF (NYSEARCA:JHID) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,068 shares of the company’s stock after buying an additional 3,385 shares during the quarter. Valmark Advisers Inc. owned approximately 6.81% of John Hancock International High Dividend ETF worth $726,000 as of its most recent SEC filing.

About John Hancock International High Dividend ETF

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.