John Hancock International High Dividend ETF (NYSEARCA:JHID) Shares Shorted: Short Interest Down 59.5% in September

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 834 shares, a drop of 59.5% from the September 15th total of 2,061 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 5,195 shares, the short-interest ratio is currently 0.2 days.

John Hancock International High Dividend ETF Price Performance

Shares of NYSEARCA JHID traded up $0.35 during mid-day trading on Tuesday, reaching $42.24. 123 shares of the company traded hands, compared to its average volume of 1,043. John Hancock International High Dividend ETF has a fifty-two week low of $35.44 and a fifty-two week high of $44.77. The firm has a market cap of $11.40 million, a PE ratio of 10.89 and a beta of 0.61. The stock has a fifty day simple moving average of $43.71 and a 200-day simple moving average of $42.88.

John Hancock International High Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.2842 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 28th. This is a decrease from John Hancock International High Dividend ETF’s previous quarterly dividend of $0.8202.

Hedge Funds Weigh In On John Hancock International High Dividend ETF

A hedge fund recently raised its stake in John Hancock International High Dividend ETF stock. Royal Bank of Canada lifted its position in John Hancock International High Dividend ETF (NYSEARCA:JHID) by 7.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,718 shares of the company’s stock after buying an additional 383 shares during the period. Royal Bank of Canada owned approximately 2.04% of John Hancock International High Dividend ETF worth $232,000 at the end of the most recent reporting period.

About John Hancock International High Dividend ETF

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.