John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Sees Significant Increase in Short Interest

by · The Cerbat Gem

John Hancock Corporate Bond ETF (NYSEARCA:JHCB – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 55,204 shares, an increase of 125.5% from the August 15th total of 24,479 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 19,263 shares, the days-to-cover ratio is presently 2.9 days.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Several large investors have recently bought and sold shares of the company. Granite Bay Wealth Management LLC grew its holdings in shares of John Hancock Corporate Bond ETF by 8.5% during the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after purchasing an additional 140,910 shares during the last quarter. Cetera Investment Advisers grew its holdings in John Hancock Corporate Bond ETF by 28.5% during the 1st quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock worth $29,637,000 after acquiring an additional 310,804 shares during the last quarter. LPL Financial LLC grew its holdings in John Hancock Corporate Bond ETF by 54.3% during the 4th quarter. LPL Financial LLC now owns 188,352 shares of the company’s stock worth $4,051,000 after acquiring an additional 66,304 shares during the last quarter. Simplicity Wealth LLC increased its position in John Hancock Corporate Bond ETF by 26.3% in the 1st quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after acquiring an additional 20,514 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of John Hancock Corporate Bond ETF by 21.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 91,784 shares of the company’s stock valued at $1,974,000 after acquiring an additional 16,486 shares during the last quarter.

John Hancock Corporate Bond ETF Stock Performance

Shares of NYSEARCA JHCB traded down $0.04 during midday trading on Monday, reaching $20.45. 873 shares of the company were exchanged, compared to its average volume of 25,222. The stock’s 50-day moving average price is $20.84 and its 200-day moving average price is $21.13. John Hancock Corporate Bond ETF has a one year low of $20.45 and a one year high of $22.03.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were issued a $0.0995 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Wednesday, July 29th. This is a boost from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.09.

John Hancock Corporate Bond ETF Company Profile

(Get Free Report)

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.

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