Short Interest in John Hancock High Yield ETF (NYSEARCA:JHHY) Expands By 1,651.8%

John Hancock High Yield ETF (NYSEARCA:JHHY – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 27,031 shares, a growth of 1,651.8% from the April 15th total of 1,543 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 6,025 shares, the days-to-cover ratio is currently 4.5 days.

John Hancock High Yield ETF Stock Up 0.0%

Shares of JHHY stock traded up $0.01 during trading hours on Wednesday, hitting $25.64. The company’s stock had a trading volume of 2,081 shares, compared to its average volume of 7,293. The business has a fifty day moving average of $25.59 and a 200-day moving average of $25.84. John Hancock High Yield ETF has a twelve month low of $25.04 and a twelve month high of $26.33.

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John Hancock High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a $0.0944 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Hedge Funds Weigh In On John Hancock High Yield ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Daymark Wealth Partners LLC lifted its stake in shares of John Hancock High Yield ETF by 10.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after buying an additional 32,594 shares during the period. Kensington Asset Management LLC lifted its stake in shares of John Hancock High Yield ETF by 1,300.6% during the third quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after buying an additional 325,152 shares during the period. NewEdge Wealth LLC purchased a new position in shares of John Hancock High Yield ETF during the fourth quarter valued at approximately $4,026,000. Envestnet Asset Management Inc. lifted its stake in shares of John Hancock High Yield ETF by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 179,059 shares of the company’s stock valued at $4,677,000 after buying an additional 7,070 shares during the period. Finally, CWM LLC purchased a new position in shares of John Hancock High Yield ETF during the third quarter valued at approximately $49,000.

John Hancock High Yield ETF Company Profile

(Get Free Report)

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.

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