John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) Stock Short Interest Declines 96.2%

by · The Markets Daily

John Hancock Core Plus Bond ETF (NYSEARCA:JHCP – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 46,293 shares, a decline of 96.2% from the September 30th total of 1,214,642 shares. Based on an average daily volume of 234,473 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On John Hancock Core Plus Bond ETF

A number of hedge funds have recently made changes to their positions in JHCP. Citadel Advisors LLC grew its position in John Hancock Core Plus Bond ETF by 74.1% during the 2nd quarter. Citadel Advisors LLC now owns 31,668 shares of the company’s stock worth $794,000 after acquiring an additional 13,479 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of John Hancock Core Plus Bond ETF by 24.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 54,278 shares of the company’s stock valued at $1,361,000 after purchasing an additional 10,732 shares during the period. Focused Alpha LLC bought a new position in shares of John Hancock Core Plus Bond ETF during the 3rd quarter worth approximately $7,355,000. Cetera Investment Advisers increased its stake in John Hancock Core Plus Bond ETF by 7.9% in the first quarter. Cetera Investment Advisers now owns 564,742 shares of the company’s stock valued at $14,201,000 after purchasing an additional 41,435 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in John Hancock Core Plus Bond ETF by 40.7% in the first quarter. The Manufacturers Life Insurance Company now owns 4,284,000 shares of the company’s stock valued at $107,725,000 after acquiring an additional 1,240,000 shares during the period.

John Hancock Core Plus Bond ETF Trading Up 0.1%

Shares of JHCP stock traded up $0.03 during trading on Tuesday, hitting $24.30. The company had a trading volume of 60,379 shares, compared to its average volume of 114,890. The stock’s 50-day moving average price is $24.33 and its 200 day moving average price is $24.98. John Hancock Core Plus Bond ETF has a one year low of $23.72 and a one year high of $26.14.

John Hancock Core Plus Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.0894 per share. The ex-dividend date was Monday, September 28th. This represents a $1.07 annualized dividend and a dividend yield of 4.4%. This is a positive change from John Hancock Core Plus Bond ETF’s previous monthly dividend of $0.0864.

John Hancock Core Plus Bond ETF Company Profile

(Get Free Report)

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.

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