John Hancock High Yield ETF (NYSEARCA:JHHY) Shares Shorted: Short Interest Down 87.6% in October

John Hancock High Yield ETF (NYSEARCA:JHHY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,223 shares, a drop of 87.6% from the September 30th total of 9,853 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 43,333 shares, the days-to-cover ratio is currently 0.0 days.

John Hancock High Yield ETF Stock Down 0.4%

Shares of John Hancock High Yield ETF stock traded down $0.10 during trading on Wednesday, reaching $24.72. 16,395 shares of the company traded hands, compared to its average volume of 19,922. John Hancock High Yield ETF has a 1-year low of $24.51 and a 1-year high of $26.20. The company has a 50 day moving average price of $25.06 and a 200-day moving average price of $25.52.

John Hancock High Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th will be issued a $0.1338 dividend. The ex-dividend date is Wednesday, October 28th. This is a positive change from John Hancock High Yield ETF’s previous monthly dividend of $0.1304. This represents a $1.61 dividend on an annualized basis and a yield of 6.5%.

Institutional Investors Weigh In On John Hancock High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in John Hancock High Yield ETF by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 310,234 shares of the company’s stock worth $7,930,000 after purchasing an additional 67,911 shares in the last quarter. NewEdge Wealth LLC grew its position in John Hancock High Yield ETF by 7.7% during the first quarter. NewEdge Wealth LLC now owns 167,833 shares of the company’s stock valued at $4,254,000 after buying an additional 11,965 shares during the period. Simplicity Wealth LLC increased its stake in shares of John Hancock High Yield ETF by 64.9% during the 3rd quarter. Simplicity Wealth LLC now owns 124,805 shares of the company’s stock worth $3,080,000 after purchasing an additional 49,113 shares during the last quarter. Sunrise Financial Services LLC increased its position in John Hancock High Yield ETF by 121,841.0% in the third quarter. Sunrise Financial Services LLC now owns 95,114 shares of the company’s stock worth $2,347,000 after buying an additional 95,036 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in John Hancock High Yield ETF by 0.6% in the 2nd quarter. NewEdge Advisors LLC now owns 81,967 shares of the company’s stock valued at $2,095,000 after acquiring an additional 515 shares during the period.

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.