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

John Hancock Preferred Income ETF (NYSEARCA:JHPI) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 134,705 shares, an increase of 347.3% from the April 30th total of 30,112 shares. Based on an average trading volume of 71,103 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC increased its holdings in shares of John Hancock Preferred Income ETF by 2.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 37,833 shares of the company’s stock worth $864,000 after purchasing an additional 741 shares during the period. Etesian Wealth Advisors Inc. increased its holdings in shares of John Hancock Preferred Income ETF by 1.6% during the first quarter. Etesian Wealth Advisors Inc. now owns 47,304 shares of the company’s stock worth $1,068,000 after purchasing an additional 741 shares during the period. HighTower Advisors LLC increased its holdings in shares of John Hancock Preferred Income ETF by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 35,626 shares of the company’s stock worth $814,000 after purchasing an additional 833 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of John Hancock Preferred Income ETF by 14.8% during the first quarter. Capital Advisors Ltd. LLC now owns 12,599 shares of the company’s stock worth $284,000 after purchasing an additional 1,625 shares during the period. Finally, Stonebridge Financial Planning Group LLC increased its holdings in shares of John Hancock Preferred Income ETF by 18.9% during the third quarter. Stonebridge Financial Planning Group LLC now owns 12,660 shares of the company’s stock worth $293,000 after purchasing an additional 2,010 shares during the period.

John Hancock Preferred Income ETF Trading Up 0.1%

JHPI opened at $22.92 on Friday. John Hancock Preferred Income ETF has a 1-year low of $22.24 and a 1-year high of $23.56. The stock’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $22.98. The stock has a market cap of $178.78 million, a PE ratio of 60.41 and a beta of 0.38.

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.