Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Drops By 40.3%

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 3,735 shares, a drop of 40.3% from the May 14th total of 6,258 shares. Based on an average trading volume of 769 shares, the days-to-cover ratio is currently 4.9 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Investors Weigh In On John Hancock International High Dividend ETF

Several large investors have recently bought and sold shares of JHID. The Manufacturers Life Insurance Company increased its holdings in John Hancock International High Dividend ETF by 6.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock worth $12,796,000 after buying an additional 20,000 shares in the last quarter. Jane Street Group LLC bought a new stake in John Hancock International High Dividend ETF in the 4th quarter worth about $259,000. Valmark Advisers Inc. increased its holdings in John Hancock International High Dividend ETF by 21.6% in the 4th quarter. Valmark Advisers Inc. now owns 19,068 shares of the company’s stock worth $726,000 after buying an additional 3,385 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in John Hancock International High Dividend ETF by 73.6% in the 4th quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock worth $203,000 after buying an additional 2,262 shares in the last quarter.

John Hancock International High Dividend ETF Stock Performance

NYSEARCA JHID opened at $43.56 on Wednesday. John Hancock International High Dividend ETF has a one year low of $33.18 and a one year high of $44.19. The stock has a 50-day moving average of $42.65 and a 200 day moving average of $40.79. The company has a market capitalization of $12.20 million, a price-to-earnings ratio of 10.89 and a beta of 0.60.

About John Hancock International High Dividend ETF

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.