John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Significant Decrease in Short Interest

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 23,675 shares, a drop of 56.4% from the November 30th total of 54,355 shares. Based on an average daily trading volume, of 23,192 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,192 shares, the short-interest ratio is currently 1.0 days.

John Hancock Corporate Bond ETF Stock Performance

John Hancock Corporate Bond ETF stock opened at $21.73 on Friday. The company’s 50-day moving average price is $21.73 and its 200-day moving average price is $21.60. John Hancock Corporate Bond ETF has a twelve month low of $20.38 and a twelve month high of $22.03.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in shares of John Hancock Corporate Bond ETF by 326.4% during the 1st quarter. Jane Street Group LLC now owns 65,185 shares of the company’s stock worth $1,384,000 after purchasing an additional 49,899 shares during the period. Granite Bay Wealth Management LLC lifted its stake in John Hancock Corporate Bond ETF by 10.9% in the second quarter. Granite Bay Wealth Management LLC now owns 1,341,027 shares of the company’s stock worth $28,740,000 after purchasing an additional 132,302 shares during the last quarter. ORG Partners LLC bought a new stake in John Hancock Corporate Bond ETF in the second quarter worth about $100,000. Robbins Farley purchased a new position in shares of John Hancock Corporate Bond ETF during the second quarter valued at approximately $101,000. Finally, Simplicity Wealth LLC grew its stake in shares of John Hancock Corporate Bond ETF by 452.7% during the second quarter. Simplicity Wealth LLC now owns 69,082 shares of the company’s stock valued at $1,481,000 after buying an additional 56,583 shares during the last quarter.

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.