John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Shares Shorted: Short Interest Up 131.4% in September

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was the target of a large growth in short interest in 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 daily volume of 21,662 shares, the short-interest ratio is presently 5.9 days. Approximately 2.7% of the company’s stock are short sold.

Institutional Trading of John Hancock Corporate Bond ETF

A number of institutional investors have recently modified their holdings of JHCB. Envestnet Portfolio Solutions Inc. raised its holdings in John Hancock Corporate Bond ETF by 23.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock valued at $380,000 after acquiring an additional 3,424 shares during the period. Robbins Farley boosted its holdings in shares of John Hancock Corporate Bond ETF by 23.1% in the first quarter. Robbins Farley now owns 19,280 shares of the company’s stock worth $408,000 after acquiring an additional 3,615 shares during the period. Rubicon Advisors GP bought a new position in shares of John Hancock Corporate Bond ETF in the fourth quarter worth $484,000. CoreCap Advisors LLC boosted 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 worth $660,000 after acquiring an additional 3,077 shares during the period. Finally, Simplicity Wealth LLC grew its position in shares of John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares in the last quarter.

John Hancock Corporate Bond ETF Stock Up 0.0%

NYSEARCA:JHCB traded up $0.01 during trading on Friday, reaching $20.29. The company’s stock had a trading volume of 33,846 shares, compared to its average volume of 24,946. The firm has a 50 day moving average of $20.72 and a 200-day moving average of $21.05. John Hancock Corporate Bond ETF has a 12 month low of $20.21 and a 12 month high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

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

About John Hancock Corporate Bond ETF

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.