Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Drops By 68.5%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 53,205 shares, a drop of 68.5% from the July 30th total of 169,022 shares. Based on an average trading volume of 311,978 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of John Hancock Core Plus Bond ETF by 40.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,284,000 shares of the company’s stock valued at $107,725,000 after purchasing an additional 1,240,000 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of John Hancock Core Plus Bond ETF by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 564,742 shares of the company’s stock worth $14,201,000 after acquiring an additional 41,435 shares during the last quarter. Jane Street Group LLC purchased a new position in John Hancock Core Plus Bond ETF during the 1st quarter worth $364,000. Finally, Beam Wealth Advisors Inc. purchased a new position in shares of John Hancock Core Plus Bond ETF in the 4th quarter worth approximately $268,000.

John Hancock Core Plus Bond ETF Trading Down 0.4%

NYSEARCA:JHCP opened at $24.84 on Thursday. The stock has a fifty day moving average price of $24.91 and a 200-day moving average price of $25.14. John Hancock Core Plus Bond ETF has a fifty-two week low of $24.63 and a fifty-two week high of $26.14.

John Hancock Core Plus Bond ETF Company Profile

The John Hancock Core Plus Bond ETF (JHCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed with a focus on a diversified bond portfolio, which includes a potential 20% allocation to high-yield bonds. The fund aims for a high level of current income while also considering ESG factors in its investment analysis JHCP was launched on Dec 18, 2024 and is issued by John Hancock.