John Hancock High Yield ETF (NYSEARCA:JHHY) Sees Large Growth in Short Interest

John Hancock High Yield ETF (NYSEARCA:JHHY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,374 shares, an increase of 639.6% from the May 14th total of 321 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 51,233 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On John Hancock High Yield ETF

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in John Hancock High Yield ETF in the 2nd quarter worth about $88,000. CoreCap Advisors LLC raised its holdings in John Hancock High Yield ETF by 35.8% in the 4th quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock worth $391,000 after purchasing an additional 3,994 shares during the period. Citadel Advisors LLC acquired a new position in John Hancock High Yield ETF in the 3rd quarter worth about $511,000. Jane Street Group LLC raised its holdings in John Hancock High Yield ETF by 490.1% in the 1st quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after purchasing an additional 44,704 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in John Hancock High Yield ETF by 50.5% in the 4th quarter. Simplicity Wealth LLC now owns 54,140 shares of the company’s stock worth $1,398,000 after purchasing an additional 18,169 shares during the period.

John Hancock High Yield ETF Price Performance

Shares of JHHY stock opened at $25.70 on Friday. The business has a 50-day simple moving average of $25.65 and a 200-day simple moving average of $25.78. John Hancock High Yield ETF has a 52-week low of $25.04 and a 52-week high of $26.33.

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.