John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) Short Interest Up 59.2% in May

John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 508 shares, an increase of 59.2% from the May 14th total of 319 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 285 shares, the short-interest ratio is currently 1.8 days.

John Hancock U.S. High Dividend ETF Price Performance

JHDV stock opened at $46.66 on Thursday. The company has a market cap of $10.73 million, a P/E ratio of 19.09 and a beta of 0.98. John Hancock U.S. High Dividend ETF has a 1 year low of $36.38 and a 1 year high of $47.55. The stock’s fifty day moving average price is $44.91 and its 200-day moving average price is $42.30.

Hedge Funds Weigh In On John Hancock U.S. High Dividend ETF

An institutional investor recently raised its position in John Hancock U.S. High Dividend ETF stock. Royal Bank of Canada increased its holdings in John Hancock U.S. High Dividend ETF (NYSEARCA:JHDV) by 2,760.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,953 shares of the company’s stock after buying an additional 8,640 shares during the quarter. Royal Bank of Canada owned 3.89% of John Hancock U.S. High Dividend ETF worth $359,000 at the end of the most recent reporting period.

John Hancock U.S. High Dividend ETF Company Profile

The John Hancock U.S. High Dividend ETF (JHDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of high dividend-paying or high dividend growth stocks. Selection and weighting are based on a proprietary systematic approach of US large- and mid-cap companies. JHDV was launched on Sep 27, 2022 and is managed by John Hancock.