John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Short Interest Up 53.7% in October

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 48,100 shares, an increase of 53.7% from the September 30th total of 31,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 35,400 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 35,400 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the shares of the company are sold short.

John Hancock Multifactor Emerging Markets ETF Price Performance

Shares of NYSEARCA:JHEM traded up $0.27 during trading on Monday, reaching $33.16. The company had a trading volume of 90,886 shares, compared to its average volume of 77,599. The firm has a market capitalization of $646.62 million, a price-to-earnings ratio of 13.85 and a beta of 0.65. The stock’s fifty day moving average price is $31.54 and its 200 day moving average price is $29.65. John Hancock Multifactor Emerging Markets ETF has a fifty-two week low of $23.47 and a fifty-two week high of $33.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JHEM. Assetmark Inc. acquired a new position in John Hancock Multifactor Emerging Markets ETF during the second quarter worth $26,000. AE Wealth Management LLC acquired a new position in John Hancock Multifactor Emerging Markets ETF during the third quarter worth $51,000. ORG Partners LLC acquired a new position in John Hancock Multifactor Emerging Markets ETF during the second quarter worth $118,000. Crossmark Global Holdings Inc. acquired a new position in John Hancock Multifactor Emerging Markets ETF during the first quarter worth $248,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in John Hancock Multifactor Emerging Markets ETF by 20.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,575 shares of the company’s stock worth $659,000 after acquiring an additional 3,815 shares during the period.

About John Hancock Multifactor Emerging Markets ETF

The John Hancock Multifactor Emerging Markets ETF (JHEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor weighted index of large- and mid-cap stocks from emerging markets. JHEM was launched on Sep 27, 2018 and is managed by John Hancock.