John Hancock High Yield ETF (NYSEARCA:JHHY – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,223 shares, a drop of 87.6% from the September 30th total of 9,853 shares. Based on an average daily trading volume, of 43,333 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
John Hancock High Yield ETF Stock Down 0.4%
John Hancock High Yield ETF stock opened at $24.72 on Thursday. John Hancock High Yield ETF has a 12-month low of $24.51 and a 12-month high of $26.20. The firm’s fifty day moving average price is $25.06 and its 200 day moving average price is $25.52.
John Hancock High Yield ETF Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.1338 per share. This represents a $1.61 annualized dividend and a yield of 6.5%. This is a boost from John Hancock High Yield ETF’s previous monthly dividend of $0.1304. The ex-dividend date is Wednesday, October 28th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunrise Financial Services LLC raised its position in shares of John Hancock High Yield ETF by 121,841.0% in the third quarter. Sunrise Financial Services LLC now owns 95,114 shares of the company’s stock valued at $2,347,000 after purchasing an additional 95,036 shares during the period. Iams Wealth Management LLC acquired a new stake in shares of John Hancock High Yield ETF in the third quarter worth $1,805,000. Envestnet Asset Management Inc. boosted its holdings in shares of John Hancock High Yield ETF by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 310,234 shares of the company’s stock worth $7,930,000 after buying an additional 67,911 shares during the period. Simplicity Wealth LLC boosted its holdings in shares of John Hancock High Yield ETF by 64.9% during the 3rd quarter. Simplicity Wealth LLC now owns 124,805 shares of the company’s stock worth $3,080,000 after buying an additional 49,113 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of John Hancock High Yield ETF during the 3rd quarter worth $454,000.
About John Hancock High Yield ETF
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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