John Hancock Preferred Income ETF (NYSEARCA:JHPI) Stock Short Interest Report for October

John Hancock Preferred Income ETF (NYSEARCA:JHPI) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 8,926 shares, a decrease of 89.8% from the October 15th total of 87,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 53,926 shares, the days-to-cover ratio is presently 0.2 days.

John Hancock Preferred Income ETF Trading Down 0.5%

JHPI stock traded down $0.11 during trading on Thursday, reaching $21.59. The stock had a trading volume of 29,939 shares, compared to its average volume of 50,770. The stock’s 50 day moving average is $21.90 and its two-hundred day moving average is $22.62. The firm has a market cap of $227.77 million, a PE ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a 52 week low of $21.57 and a 52 week high of $23.36.

John Hancock Preferred Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were given a $0.1408 dividend. The ex-dividend date was Wednesday, October 28th. This is an increase from John Hancock Preferred Income ETF’s previous monthly dividend of $0.1025. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Trading of John Hancock Preferred Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of John Hancock Preferred Income ETF by 13.2% during the 1st quarter. Bank of America Corp DE now owns 289,784 shares of the company’s stock valued at $6,543,000 after buying an additional 33,819 shares in the last quarter. IFS Group LLC bought a new position in John Hancock Preferred Income ETF in the 1st quarter worth $823,000. FFG Retirement Advisors LLC boosted its holdings in John Hancock Preferred Income ETF by 37.6% in the 2nd quarter. FFG Retirement Advisors LLC now owns 233,827 shares of the company’s stock worth $5,308,000 after buying an additional 63,864 shares during the period. Quad Cities Investment Group LLC increased its stake in John Hancock Preferred Income ETF by 2.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 22,538 shares of the company’s stock worth $512,000 after buying an additional 473 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in John Hancock Preferred Income ETF in the 3rd quarter worth $585,000.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.