Short Interest in John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Declines By 63.9%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 24,479 shares, a drop of 63.9% from the July 30th total of 67,828 shares. Based on an average trading volume of 96,206 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JHCB. NewEdge Advisors LLC purchased a new position in shares of John Hancock Corporate Bond ETF during the 2nd quarter worth approximately $32,000. Robbins Farley lifted its stake in John Hancock Corporate Bond ETF by 23.1% during the first quarter. Robbins Farley now owns 19,280 shares of the company’s stock worth $408,000 after purchasing an additional 3,615 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of John Hancock Corporate Bond ETF in the second quarter valued at $412,000. Rubicon Advisors GP acquired a new position in John Hancock Corporate Bond ETF in the 4th quarter valued at about $484,000. Finally, Citadel Advisors LLC purchased a new stake in John Hancock Corporate Bond ETF during the third quarter worth about $548,000.

John Hancock Corporate Bond ETF Stock Performance

Shares of John Hancock Corporate Bond ETF stock traded down $0.07 during trading hours on Friday, hitting $20.71. The company’s stock had a trading volume of 19,616 shares, compared to its average volume of 25,457. John Hancock Corporate Bond ETF has a twelve month low of $20.57 and a twelve month high of $22.03. The firm has a fifty day moving average of $20.97 and a 200-day moving average of $21.21.

John Hancock Corporate Bond ETF Company Profile

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.