John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Up 411.0% in April

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 26,028 shares, an increase of 411.0% from the April 15th total of 5,094 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,369 shares, the days-to-cover ratio is presently 1.1 days.

John Hancock Corporate Bond ETF Stock Performance

Shares of NYSEARCA:JHCB opened at $21.21 on Friday. John Hancock Corporate Bond ETF has a one year low of $20.83 and a one year high of $22.03. The stock has a fifty day moving average of $21.29 and a 200-day moving average of $21.53.

John Hancock Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.057 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, February 25th.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in John Hancock Corporate Bond ETF during the 2nd quarter worth about $32,000. Robbins Farley increased its position in shares of John Hancock Corporate Bond ETF by 122.5% in the fourth quarter. Robbins Farley now owns 15,665 shares of the company’s stock worth $337,000 after acquiring an additional 8,625 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the 2nd quarter valued at approximately $412,000. CoreCap Advisors LLC boosted its stake in John Hancock Corporate Bond ETF by 32.0% in the 4th quarter. CoreCap Advisors LLC now owns 22,404 shares of the company’s stock worth $482,000 after purchasing an additional 5,427 shares during the period. Finally, Rubicon Advisors GP acquired a new position in John Hancock Corporate Bond ETF in the 4th quarter worth approximately $484,000.

John Hancock Corporate Bond ETF Company Profile

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.