John Hancock Preferred Income ETF (NYSEARCA:JHPI) Stock Short Interest Report for October

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 8,926 shares, a decrease of 89.8% from the October 15th total of 87,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 53,926 shares, the days-to-cover ratio is currently 0.2 days.

John Hancock Preferred Income ETF Stock Performance

JHPI stock traded down $0.04 during trading on Wednesday, hitting $21.69. 20,238 shares of the company’s stock traded hands, compared to its average volume of 50,809. John Hancock Preferred Income ETF has a 52 week low of $21.57 and a 52 week high of $23.36. The stock has a market capitalization of $228.83 million, a price-to-earnings ratio of 60.41 and a beta of 0.37. The business has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $22.62.

John Hancock Preferred Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were paid a dividend of $0.1408 per share. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.8%. This is a boost from John Hancock Preferred Income ETF’s previous monthly dividend of $0.1025.

Institutional Trading of John Hancock Preferred Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of John Hancock Preferred Income ETF during the 3rd quarter worth approximately $585,000. Tiller Private Wealth Inc. lifted its position in shares of John Hancock Preferred Income ETF by 52.0% during the third quarter. Tiller Private Wealth Inc. now owns 23,560 shares of the company’s stock worth $511,000 after purchasing an additional 8,061 shares during the last quarter. Robbins Farley boosted its stake in shares of John Hancock Preferred Income ETF by 0.8% during the third quarter. Robbins Farley now owns 173,388 shares of the company’s stock valued at $3,764,000 after purchasing an additional 1,329 shares during the period. Widmann Financial Services Inc. boosted its stake in shares of John Hancock Preferred Income ETF by 74.3% during the second quarter. Widmann Financial Services Inc. now owns 28,655 shares of the company’s stock valued at $650,000 after purchasing an additional 12,215 shares during the period. Finally, Beacon Financial Advisory LLC grew its holdings in shares of John Hancock Preferred Income ETF by 1.5% in the second quarter. Beacon Financial Advisory LLC now owns 38,712 shares of the company’s stock worth $879,000 after purchasing an additional 556 shares during the last quarter.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.