Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Declines By 77.8%

John Hancock International High Dividend ETF (NYSEARCA:JHID) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,847 shares, a decline of 77.8% from the June 30th total of 8,314 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 972 shares, the short-interest ratio is presently 1.9 days.

John Hancock International High Dividend ETF Stock Up 0.6%

Shares of JHID traded up $0.24 during mid-day trading on Friday, hitting $42.81. 4,449 shares of the company’s stock were exchanged, compared to its average volume of 858. The firm has a fifty day moving average of $42.73 and a two-hundred day moving average of $41.67. John Hancock International High Dividend ETF has a twelve month low of $33.56 and a twelve month high of $44.19. The stock has a market cap of $11.13 million, a price-to-earnings ratio of 10.89 and a beta of 0.61.

Institutional Investors Weigh In On John Hancock International High Dividend ETF

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

John Hancock International High Dividend ETF Company Profile

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.