John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Large Growth in Short Interest

John Hancock Corporate Bond ETF (NYSEARCA:JHCB – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 127,716 shares, a growth of 131.4% from the August 31st total of 55,204 shares. Based on an average trading volume of 21,662 shares, the days-to-cover ratio is presently 5.9 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Trading of John Hancock Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the business. Robbins Farley boosted its stake in John Hancock Corporate Bond ETF by 5.0% during the 2nd quarter. Robbins Farley now owns 20,239 shares of the company’s stock valued at $429,000 after purchasing an additional 959 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of John Hancock Corporate Bond ETF by 11.0% in the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock valued at $660,000 after purchasing an additional 3,077 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of John Hancock Corporate Bond ETF by 23.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock valued at $380,000 after buying an additional 3,424 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in John Hancock Corporate Bond ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock worth $4,611,000 after buying an additional 4,158 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in John Hancock Corporate Bond ETF by 26.3% during the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock worth $2,087,000 after buying an additional 20,514 shares in the last quarter.

John Hancock Corporate Bond ETF Price Performance

NYSEARCA JHCB traded up $0.01 during mid-day trading on Friday, reaching $20.29. 33,846 shares of the stock were exchanged, compared to its average volume of 24,946. John Hancock Corporate Bond ETF has a one year low of $20.21 and a one year high of $22.03. The stock has a 50 day simple moving average of $20.72 and a 200-day simple moving average of $21.05.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were issued a $0.0995 dividend. The ex-dividend date was Wednesday, July 29th. This is an increase from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.0909. This represents a $1.19 annualized dividend and a yield of 5.9%.

About John Hancock Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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