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John Hancock Core Plus Bond ETF Sees 76.8% Drop in Short Interest

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The short interest in the John Hancock Core Plus Bond ETF (NYSEARCA:JHCP) experienced a substantial decline of 76.8% in December 2023. As of December 31, short interest stood at 2,513 shares, a sharp drop from the 10,816 shares reported on December 15. This reduction reflects a short-interest ratio of just 0.1 days, indicating that approximately 0.1% of the ETF’s shares are currently short sold.

Trading Performance and Historical Context

On Thursday, shares of JHCP traded down by $0.01, reaching a price of $25.50. The trading volume for the day was 24,194 shares, which is significantly higher than its average volume of 11,769 shares. Over the past year, the ETF has seen a low of $24.35 and a high of $25.95. Currently, its fifty-day simple moving average is $25.48, while the two-hundred-day average stands at $25.40.

Institutional Activity in the ETF

Several institutional investors have recently adjusted their holdings in the John Hancock Core Plus Bond ETF. Coign Capital Advisors LLC increased its stake by 9.8% during the third quarter, now owning 490,608 shares valued at approximately $12,484,000 after acquiring an additional 43,833 shares in the last quarter. Additionally, Andina Capital Management LLC invested $253,000 in a new stake during the same period, while Jane Street Group LLC also entered the ETF market with a stake worth $364,000 in the first quarter.

The John Hancock Core Plus Bond ETF primarily invests in broad credit fixed income, with an actively managed portfolio. The fund aims for a high level of current income while incorporating ESG considerations into its investment strategies. Launched on December 18, 2024, the ETF includes an allocation of up to 20% in high-yield bonds, reflecting its diversified approach to bond investing.

Investors seeking timely updates on the John Hancock Core Plus Bond ETF can subscribe to receive daily summaries of news and analyst ratings, which provide insights into the ETF’s performance and market trends.

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