Short Interest in John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Drops By 68.5%

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 53,205 shares, a decline of 68.5% from the July 30th total of 169,022 shares. Based on an average daily volume of 311,978 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JHCP. Cetera Investment Advisers boosted its holdings in shares of John Hancock Core Plus Bond ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 564,742 shares of the company’s stock worth $14,201,000 after acquiring an additional 41,435 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of John Hancock Core Plus Bond ETF by 40.7% during the first quarter. The Manufacturers Life Insurance Company now owns 4,284,000 shares of the company’s stock worth $107,725,000 after purchasing an additional 1,240,000 shares during the period. Jane Street Group LLC bought a new position in shares of John Hancock Core Plus Bond ETF during the first quarter worth approximately $364,000. Finally, Beam Wealth Advisors Inc. acquired a new stake in John Hancock Core Plus Bond ETF during the 4th quarter worth approximately $268,000.

John Hancock Core Plus Bond ETF Stock Performance

Shares of NYSEARCA JHCP traded down $0.09 during mid-day trading on Friday, reaching $24.66. 57,255 shares of the company were exchanged, compared to its average volume of 81,122. The company’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $25.13. John Hancock Core Plus Bond ETF has a twelve month low of $24.63 and a twelve month high of $26.14.

John Hancock Core Plus Bond ETF Company Profile

The John Hancock Core Plus Bond ETF (JHCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed with a focus on a diversified bond portfolio, which includes a potential 20% allocation to high-yield bonds. The fund aims for a high level of current income while also considering ESG factors in its investment analysis JHCP was launched on Dec 18, 2024 and is issued by John Hancock.