(JHHY) John Hancock - Ratings and Ratios

The John Hancock Exchange-Traded Fund Trust (NYSE ARCA: JHHY) is a high-yield bond ETF that primarily invests in U.S.-dollar-denominated corporate bonds with below-investment-grade ratings. Under normal market conditions, the fund allocates at least 80% of its net assets to these securities, which are rated between BB+ to D by S&P Global Ratings or Fitch Ratings, or Ba1 to D by Moodys Investors Service. It also includes unrated bonds deemed equivalent in quality by the funds managers. This strategy targets higher yields compared to investment-grade debt, though it comes with increased credit risk. The fund is designed to provide exposure to the high-yield corporate bond market, offering a diversified portfolio of lower-rated debt instruments.

As of the latest data, the fund has total assets under management (AUM) of $36.01 million, indicating a modest size in the ETF universe. Its average trading volume over 20 days is 1,035 shares, suggesting limited liquidity. The funds last price was $25.63, with key moving averages showing a short-term SMA20 of $25.67 and a SMA50 of $25.49, indicating slight upward momentum over the past 50 days. The SMA200 of $24.84 reflects longer-term growth. The Average True Range (ATR) of 0.06 signals relatively low volatility, consistent with the nature of fixed-income securities.

3-Month Forecast: Based on the funds technical and fundamental data, the outlook for JHHY is neutral to slightly bullish in the near term. The SMA20 and SMA50 are converging, suggesting potential consolidation in the short term. If the funds price breaks above $25.70, it could test resistance levels near $25.85, driven by stable income flows from its high-yield bond holdings. However, the low ATR of 0.06 indicates limited price movement, with downside risk mitigated by the funds focus on higher-yielding, lower-rated bonds. Fundamentally, the U.S. interest rate environment will play a key role, as rising rates could pressure bond prices, though the funds AUM growth may reflect investor demand for yield in a low-rate market.