John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Stock Short Interest Climbs 3,534.8%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,214,642 shares, a growth of 3,534.8% from the September 15th total of 33,417 shares. Currently, 8.4% of the shares of the stock are short sold. Based on an average trading volume of 385,568 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On John Hancock Core Plus Bond ETF

A number of institutional investors have recently modified their holdings of JHCP. Envestnet Asset Management Inc. increased its stake in shares of John Hancock Core Plus Bond ETF by 24.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 54,278 shares of the company’s stock valued at $1,361,000 after purchasing an additional 10,732 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of John Hancock Core Plus Bond ETF by 47.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,317,059 shares of the company’s stock valued at $158,386,000 after acquiring an additional 2,033,059 shares during the last quarter. Citadel Advisors LLC grew its position in John Hancock Core Plus Bond ETF by 74.1% during the 2nd quarter. Citadel Advisors LLC now owns 31,668 shares of the company’s stock worth $794,000 after acquiring an additional 13,479 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in John Hancock Core Plus Bond ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 564,742 shares of the company’s stock valued at $14,201,000 after purchasing an additional 41,435 shares during the last quarter.

John Hancock Core Plus Bond ETF Price Performance

Shares of John Hancock Core Plus Bond ETF stock remained flat at $23.93 during trading hours on Friday. The company’s stock had a trading volume of 481,020 shares, compared to its average volume of 107,540. The company’s 50-day moving average is $24.48 and its two-hundred day moving average is $24.87. John Hancock Core Plus Bond ETF has a one year low of $23.72 and a one year high of $26.14.

John Hancock Core Plus Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a $0.0894 dividend. This is a positive change from John Hancock Core Plus Bond ETF’s previous monthly dividend of $0.0864. The ex-dividend date was Monday, September 28th. This represents a $1.07 annualized dividend and a yield of 4.5%.

About John Hancock Core Plus Bond ETF

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.