John Hancock Preferred Income ETF (NYSEARCA:JHPI) Short Interest Update

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 43,236 shares, a decrease of 70.4% from the May 31st total of 145,862 shares. Based on an average daily trading volume, of 37,024 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the company are sold short.

John Hancock Preferred Income ETF Trading Up 0.3%

Shares of NYSEARCA JHPI traded up $0.07 during midday trading on Monday, reaching $22.73. 66,196 shares of the company were exchanged, compared to its average volume of 50,765. The stock has a market cap of $177.29 million, a P/E ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a 1 year low of $22.42 and a 1 year high of $23.56. The stock has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $22.97.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its position in John Hancock Preferred Income ETF by 261.4% in the 1st quarter. Jane Street Group LLC now owns 35,756 shares of the company’s stock valued at $801,000 after buying an additional 25,861 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of John Hancock Preferred Income ETF in the 2nd quarter worth $452,000. Bank of America Corp DE boosted its holdings in shares of John Hancock Preferred Income ETF by 10.3% in the second quarter. Bank of America Corp DE now owns 205,497 shares of the company’s stock valued at $4,633,000 after acquiring an additional 19,204 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of John Hancock Preferred Income ETF by 44.9% in the third quarter. Envestnet Asset Management Inc. now owns 14,174 shares of the company’s stock valued at $328,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Burk Holdings LLC purchased a new stake in shares of John Hancock Preferred Income ETF in the third quarter valued at about $2,846,000.

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.