Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Declines By 20.4%

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,755 shares, a drop of 20.4% from the February 26th total of 4,720 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 744 shares, the days-to-cover ratio is currently 5.0 days.

John Hancock International High Dividend ETF Stock Up 2.6%

Shares of JHID stock opened at $40.52 on Wednesday. John Hancock International High Dividend ETF has a 12 month low of $27.57 and a 12 month high of $44.19. The firm has a market cap of $11.35 million, a PE ratio of 10.89 and a beta of 0.69. The stock has a 50 day moving average of $40.94 and a 200-day moving average of $38.34.

Institutional Investors Weigh In On John Hancock International High Dividend ETF

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in John Hancock International High Dividend ETF by 73.6% during the fourth quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock valued at $203,000 after acquiring an additional 2,262 shares during the period. Jane Street Group LLC bought a new stake in shares of John Hancock International High Dividend ETF during the fourth quarter valued at approximately $259,000. Valmark Advisers Inc. raised its stake in shares of John Hancock International High Dividend ETF by 140.6% in the third quarter. Valmark Advisers Inc. now owns 15,683 shares of the company’s stock valued at $561,000 after purchasing an additional 9,165 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in shares of John Hancock International High Dividend ETF by 5.6% in the third quarter. WealthPlan Investment Management LLC now owns 68,283 shares of the company’s stock valued at $2,442,000 after purchasing an additional 3,622 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in John Hancock International High Dividend ETF by 6.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock worth $12,796,000 after purchasing an additional 20,000 shares during the period.

John Hancock International High Dividend ETF Company Profile

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.