Short Interest in John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Increases By 411.0%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 26,028 shares, an increase of 411.0% from the April 15th total of 5,094 shares. Based on an average trading volume of 24,369 shares, the short-interest ratio is currently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in John Hancock Corporate Bond ETF in the 3rd quarter worth approximately $733,000. Simplicity Wealth LLC raised its position in John Hancock Corporate Bond ETF by 51.5% during the 4th quarter. Simplicity Wealth LLC now owns 78,047 shares of the company’s stock worth $1,679,000 after buying an additional 26,539 shares during the last quarter. Legacy CG LLC lifted its stake in John Hancock Corporate Bond ETF by 11.4% during the 4th quarter. Legacy CG LLC now owns 446,625 shares of the company’s stock valued at $9,607,000 after acquiring an additional 45,663 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 140.3% in the 3rd quarter. NewEdge Advisors LLC now owns 3,605 shares of the company’s stock valued at $78,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 8.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock valued at $37,835,000 after acquiring an additional 140,910 shares during the last quarter.

John Hancock Corporate Bond ETF Stock Down 0.3%

Shares of JHCB opened at $21.19 on Wednesday. The stock has a 50-day moving average of $21.31 and a two-hundred day moving average of $21.54. John Hancock Corporate Bond ETF has a one year low of $20.83 and a one year high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.057 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 3.2%.

John Hancock Corporate Bond ETF Company Profile

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.