Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Expands By 491.2%

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 14,034 shares, an increase of 491.2% from the May 31st total of 2,374 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 11,453 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On John Hancock High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Daymark Wealth Partners LLC raised its stake in shares of John Hancock High Yield ETF by 10.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after purchasing an additional 32,594 shares during the period. Kensington Asset Management LLC boosted its stake in shares of 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 valued at $9,146,000 after purchasing an additional 325,152 shares during the period. NewEdge Wealth LLC acquired a new stake in John Hancock High Yield ETF during the 4th quarter valued at $4,026,000. CoreCap Advisors LLC grew its holdings in John Hancock High Yield ETF by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock valued at $391,000 after purchasing an additional 3,994 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in John Hancock High Yield ETF by 59.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock worth $63,826,000 after buying an additional 921,000 shares during the period.

John Hancock High Yield ETF Price Performance

Shares of JHHY stock traded down $0.14 during trading hours on Friday, reaching $25.57. The company had a trading volume of 2,527 shares, compared to its average volume of 11,442. John Hancock High Yield ETF has a twelve month low of $25.04 and a twelve month high of $26.33. The stock’s fifty day simple moving average is $25.67 and its 200 day simple moving average is $25.75.

John Hancock High Yield ETF Company Profile

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.