John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Short Interest Up 125.5% in August

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 55,204 shares, a growth of 125.5% from the August 15th total of 24,479 shares. Based on an average daily volume of 19,263 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in shares of John Hancock Corporate Bond ETF in the 2nd quarter valued at $32,000. Robbins Farley boosted its stake in John Hancock Corporate Bond ETF by 23.1% in the first quarter. Robbins Farley now owns 19,280 shares of the company’s stock valued at $408,000 after buying an additional 3,615 shares in the last quarter. Advisory Services Network LLC bought a new position in John Hancock Corporate Bond ETF in the second quarter valued at about $412,000. Rubicon Advisors GP bought a new position in John Hancock Corporate Bond ETF in the fourth quarter valued at about $484,000. Finally, Citadel Advisors LLC acquired a new position in John Hancock Corporate Bond ETF during the third quarter worth about $548,000.

John Hancock Corporate Bond ETF Price Performance

JHCB stock traded down $0.04 during mid-day trading on Monday, hitting $20.45. The stock had a trading volume of 873 shares, compared to its average volume of 25,222. John Hancock Corporate Bond ETF has a 52 week low of $20.45 and a 52 week high of $22.03. The firm has a fifty day simple moving average of $20.84 and a 200 day simple moving average of $21.13.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 29th were given a dividend of $0.0995 per share. The ex-dividend date was Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 5.8%. This is a positive change from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.09.

About John Hancock Corporate Bond ETF

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.