John Hancock Corporate Bond ETF (NYSEARCA:JHCB – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 24,479 shares, a decline of 63.9% from the July 30th total of 67,828 shares. Based on an average daily trading volume, of 96,206 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.
Hedge Funds Weigh In On John Hancock Corporate Bond ETF
Large investors have recently bought and sold shares of the business. Granite Bay Wealth Management LLC raised its position in shares of John Hancock Corporate Bond ETF by 8.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after acquiring an additional 140,910 shares in the last quarter. Simplicity Wealth LLC increased its stake in John Hancock Corporate Bond ETF by 51.5% in the fourth quarter. Simplicity Wealth LLC now owns 78,047 shares of the company’s stock valued at $1,679,000 after purchasing an additional 26,539 shares during the last quarter. Cetera Investment Advisers increased its stake in John Hancock Corporate Bond ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock valued at $29,637,000 after purchasing an additional 310,804 shares during the last quarter. CoreCap Advisors LLC raised its holdings in John Hancock Corporate Bond ETF by 11.0% during the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock worth $660,000 after purchasing an additional 3,077 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 2,105 shares in the last quarter.
John Hancock Corporate Bond ETF Stock Down 0.3%
NYSEARCA:JHCB traded down $0.07 during mid-day trading on Friday, hitting $20.71. The stock had a trading volume of 19,616 shares, compared to its average volume of 25,457. The stock has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $21.21. John Hancock Corporate Bond ETF has a twelve month low of $20.57 and a twelve month high of $22.03.
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.
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