Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Declines By 95.9%

John Hancock High Yield ETF (NYSEARCA:JHHYGet Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 444 shares, a decline of 95.9% from the February 26th total of 10,922 shares. Based on an average daily trading volume, of 4,449 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,449 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JHHY. CWM LLC acquired a new position in shares of John Hancock High Yield ETF in the third quarter valued at approximately $49,000. Osaic Holdings Inc. acquired a new stake in John Hancock High Yield ETF during the 2nd quarter worth approximately $88,000. CoreCap Advisors LLC boosted its position in John Hancock High Yield ETF by 3.7% in the 3rd quarter. CoreCap Advisors LLC now owns 11,160 shares of the company’s stock valued at $291,000 after buying an additional 401 shares during the period. Citadel Advisors LLC purchased a new position in John Hancock High Yield ETF in the 3rd quarter valued at approximately $511,000. Finally, Jane Street Group LLC grew its stake in shares of John Hancock High Yield ETF by 490.1% in the first quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after acquiring an additional 44,704 shares in the last quarter.

John Hancock High Yield ETF Price Performance

JHHY traded down $0.06 during mid-day trading on Tuesday, hitting $25.38. 3,312 shares of the stock were exchanged, compared to its average volume of 7,411. The firm’s fifty day moving average is $25.79 and its two-hundred day moving average is $25.95. John Hancock High Yield ETF has a 1-year low of $24.36 and a 1-year high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.0944 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

About John Hancock High Yield ETF

(Get Free Report)

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.

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