Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Decreases By 98.8%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 321 shares, a drop of 98.8% from the April 30th total of 27,031 shares. Based on an average daily volume of 4,384 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

John Hancock High Yield ETF Trading Up 0.1%

Shares of NYSEARCA:JHHY traded up $0.02 during trading on Friday, hitting $25.66. The stock had a trading volume of 85,647 shares, compared to its average volume of 11,095. John Hancock High Yield ETF has a 12-month low of $25.04 and a 12-month high of $26.33. The stock has a 50-day simple moving average of $25.60 and a two-hundred day simple moving average of $25.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JHHY. The Manufacturers Life Insurance Company raised its position in John Hancock High Yield ETF by 59.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,471,000 shares of the company’s stock valued at $63,826,000 after acquiring an additional 921,000 shares in the last quarter. Kensington Asset Management LLC raised its position in John Hancock High Yield ETF by 1,300.6% during the third quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after acquiring an additional 325,152 shares in the last quarter. JPMorgan Chase & Co. raised its position in John Hancock High Yield ETF by 397.5% during the second quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock valued at $5,486,000 after acquiring an additional 169,883 shares in the last quarter. NewEdge Wealth LLC purchased a new position in John Hancock High Yield ETF during the fourth quarter valued at approximately $4,026,000. Finally, NewEdge Advisors LLC purchased a new position in John Hancock High Yield ETF during the fourth quarter valued at approximately $2,061,000.

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.