John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Significant Decline in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 1,543 shares, a drop of 68.5% from the March 31st total of 4,894 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,885 shares, the short-interest ratio is currently 0.1 days.

John Hancock High Yield ETF Stock Up 0.2%

NYSEARCA JHHY traded up $0.04 during trading on Friday, hitting $25.82. The stock had a trading volume of 973 shares, compared to its average volume of 7,310. John Hancock High Yield ETF has a one year low of $25.04 and a one year high of $26.33. The stock has a 50 day simple moving average of $25.63 and a 200 day simple moving average of $25.86.

John Hancock High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a $0.0944 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Trading of John Hancock High Yield ETF

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in John Hancock High Yield ETF by 59.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock worth $63,826,000 after purchasing an additional 921,000 shares during the last quarter. Kensington Asset Management LLC lifted its stake in John Hancock High Yield ETF by 1,300.6% in the third quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock worth $9,146,000 after purchasing an additional 325,152 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in John Hancock High Yield ETF by 10.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock worth $8,617,000 after purchasing an additional 32,594 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of John Hancock High Yield ETF by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 226,487 shares of the company’s stock valued at $5,850,000 after acquiring an additional 6,634 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of John Hancock High Yield ETF by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 179,059 shares of the company’s stock valued at $4,677,000 after acquiring an additional 7,070 shares in the last quarter.

About John Hancock High Yield ETF

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.