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 the month of 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. Based on an average trading volume of 385,568 shares, the short-interest ratio is presently 3.2 days. Approximately 8.4% of the shares of the company are short sold.

John Hancock Core Plus Bond ETF Price Performance

JHCP stock remained flat at $23.93 during mid-day trading on Friday. 481,020 shares of the company’s stock were exchanged, compared to its average volume of 107,540. John Hancock Core Plus Bond ETF has a fifty-two week low of $23.72 and a fifty-two week high of $26.14. The company has a 50 day simple moving average of $24.48 and a 200-day simple moving average of $24.87.

John Hancock Core Plus Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a dividend of $0.0894 per share. This is a boost 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 dividend on an annualized basis and a yield of 4.5%.

Institutional Investors Weigh In On John Hancock Core Plus Bond ETF

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in John Hancock Core Plus Bond ETF by 47.5% during 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 purchasing an additional 2,033,059 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of 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 worth $14,201,000 after buying an additional 41,435 shares during the last quarter. Envestnet Asset Management Inc. increased its position 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 worth $1,361,000 after purchasing an additional 10,732 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in John Hancock Core Plus Bond ETF by 74.1% in the second quarter. Citadel Advisors LLC now owns 31,668 shares of the company’s stock worth $794,000 after purchasing an additional 13,479 shares in the last quarter.

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.