Short Interest in John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Increases By 35.3%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 11,634 shares, an increase of 35.3% from the February 26th total of 8,600 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 44,088 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Granite Bay Wealth Management LLC lifted its position in John Hancock Corporate Bond ETF by 12.8% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 1,512,592 shares of the company’s stock worth $32,853,000 after buying an additional 171,565 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of John Hancock Corporate Bond ETF during the 2nd quarter valued at $624,000. Legacy CG LLC acquired a new position in shares of John Hancock Corporate Bond ETF in the third quarter worth $8,709,000. Advisory Services Network LLC increased its stake in shares of John Hancock Corporate Bond ETF by 81.0% in the third quarter. Advisory Services Network LLC now owns 34,961 shares of the company’s stock worth $759,000 after acquiring an additional 15,645 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of John Hancock Corporate Bond ETF by 140.3% during the third quarter. NewEdge Advisors LLC now owns 3,605 shares of the company’s stock worth $78,000 after acquiring an additional 2,105 shares in the last quarter.

John Hancock Corporate Bond ETF Stock Up 0.5%

NYSEARCA:JHCB traded up $0.10 during trading hours on Monday, hitting $21.02. 18,189 shares of the company’s stock traded hands, compared to its average volume of 27,000. The stock’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $21.65. John Hancock Corporate Bond ETF has a twelve month low of $20.38 and a twelve month high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.057 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06.

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.