John Hancock High Yield ETF (NYSEARCA:JHHY) Stock Short Interest Jumps 466.9%

John Hancock High Yield ETF (NYSEARCA:JHHY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 6,933 shares, a growth of 466.9% from the October 15th total of 1,223 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 24,909 shares, the days-to-cover ratio is currently 0.3 days.

John Hancock High Yield ETF Stock Performance

NYSEARCA JHHY traded up $0.03 during trading on Wednesday, hitting $24.71. The company’s stock had a trading volume of 1,445 shares, compared to its average volume of 20,154. John Hancock High Yield ETF has a 52 week low of $24.51 and a 52 week high of $26.20. The firm has a 50 day moving average price of $24.90 and a 200 day moving average price of $25.46.

John Hancock High Yield ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were paid a $0.1338 dividend. The ex-dividend date was Wednesday, October 28th. This is a positive change from John Hancock High Yield ETF’s previous monthly dividend of $0.1304. This represents a $1.61 annualized dividend and a dividend yield of 6.5%.

Hedge Funds Weigh In On John Hancock High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its position in John Hancock High Yield ETF by 19.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,434 shares of the company’s stock worth $343,000 after purchasing an additional 2,198 shares during the last quarter. Vise Technologies Inc. bought a new position in John Hancock High Yield ETF during the third quarter valued at about $454,000. CoreCap Advisors LLC increased its stake in John Hancock High Yield ETF by 7.9% during the second quarter. CoreCap Advisors LLC now owns 20,938 shares of the company’s stock valued at $535,000 after acquiring an additional 1,524 shares during the period. Iams Wealth Management LLC acquired a new position in John Hancock High Yield ETF in the 3rd quarter valued at approximately $1,805,000. Finally, NewEdge Advisors LLC raised its holdings in John Hancock High Yield ETF by 2.1% in the 1st quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock valued at $2,064,000 after acquiring an additional 1,668 shares in the last quarter.

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.