John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Up 347.3% in May

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 134,705 shares, an increase of 347.3% from the April 30th total of 30,112 shares. Based on an average daily trading volume, of 71,103 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Trading of John Hancock Preferred Income ETF

Several hedge funds have recently added to or reduced their stakes in JHPI. Jane Street Group LLC lifted its holdings in John Hancock Preferred Income ETF by 261.4% during the 1st quarter. Jane Street Group LLC now owns 35,756 shares of the company’s stock worth $801,000 after purchasing an additional 25,861 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in John Hancock Preferred Income ETF during the 2nd quarter worth approximately $452,000. Bank of America Corp DE lifted its holdings in John Hancock Preferred Income ETF by 10.3% during the 2nd quarter. Bank of America Corp DE now owns 205,497 shares of the company’s stock worth $4,633,000 after purchasing an additional 19,204 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in John Hancock Preferred Income ETF during the 3rd quarter worth approximately $1,284,000. Finally, Envestnet Asset Management Inc. lifted its holdings in John Hancock Preferred Income ETF by 44.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,174 shares of the company’s stock worth $328,000 after purchasing an additional 4,394 shares during the last quarter.

John Hancock Preferred Income ETF Trading Down 0.3%

Shares of JHPI traded down $0.06 during mid-day trading on Friday, reaching $22.86. The company’s stock had a trading volume of 32,848 shares, compared to its average volume of 53,288. John Hancock Preferred Income ETF has a 1-year low of $22.24 and a 1-year high of $23.56. The stock has a market cap of $178.31 million, a P/E ratio of 60.41 and a beta of 0.38. The business has a 50-day simple moving average of $22.88 and a two-hundred day simple moving average of $22.98.

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.