Short Interest in John Hancock International High Dividend ETF (NYSEARCA:JHID) Drops By 20.4%

John Hancock International High Dividend ETF (NYSEARCA:JHID) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 3,755 shares, a decline of 20.4% from the February 26th total of 4,720 shares. Based on an average trading volume of 744 shares, the short-interest ratio is currently 5.0 days. Currently, 1.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in John Hancock International High Dividend ETF by 73.6% during the 4th quarter. Royal Bank of Canada now owns 5,335 shares of the company’s stock valued at $203,000 after buying an additional 2,262 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of John Hancock International High Dividend ETF by 21.6% during the fourth quarter. Valmark Advisers Inc. now owns 19,068 shares of the company’s stock worth $726,000 after acquiring an additional 3,385 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in John Hancock International High Dividend ETF by 5.6% during the third quarter. WealthPlan Investment Management LLC now owns 68,283 shares of the company’s stock valued at $2,442,000 after acquiring an additional 3,622 shares in the last quarter. Jane Street Group LLC purchased a new position in John Hancock International High Dividend ETF during the fourth quarter valued at $259,000. Finally, The Manufacturers Life Insurance Company increased its holdings in John Hancock International High Dividend ETF by 6.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 336,000 shares of the company’s stock valued at $12,796,000 after acquiring an additional 20,000 shares during the last quarter.

John Hancock International High Dividend ETF Price Performance

NYSEARCA JHID opened at $39.31 on Monday. John Hancock International High Dividend ETF has a twelve month low of $27.57 and a twelve month high of $44.19. The business has a 50-day moving average price of $40.91 and a 200-day moving average price of $38.28. The firm has a market cap of $11.01 million, a price-to-earnings ratio of 10.89 and a beta of 0.69.

John Hancock International High Dividend ETF Company Profile

The John Hancock International High Dividend ETF (JHID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying stocks from developed markets outside the US. The fund selects and weights large- and mid-cap companies based on a proprietary systematic approach. JHID was launched on Dec 20, 2022 and is managed by John Hancock.