John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Short Interest Update

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 55,535 shares, an increase of 99.1% from the March 15th total of 27,899 shares. Based on an average trading volume of 228,083 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

John Hancock Multifactor Emerging Markets ETF Stock Performance

Shares of JHEM stock traded up $0.48 during midday trading on Tuesday, hitting $37.02. 18,825 shares of the company were exchanged, compared to its average volume of 136,699. The firm has a market capitalization of $884.78 million, a P/E ratio of 13.85 and a beta of 0.64. The firm’s 50 day moving average price is $35.48 and its two-hundred day moving average price is $33.89. John Hancock Multifactor Emerging Markets ETF has a 52 week low of $25.42 and a 52 week high of $37.85.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock worth $734,000 after buying an additional 604 shares during the period. AE Wealth Management LLC bought a new stake in John Hancock Multifactor Emerging Markets ETF in the 3rd quarter valued at about $51,000. Stratos Wealth Partners LTD. bought a new stake in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at about $201,000. CoreCap Advisors LLC boosted its holdings in John Hancock Multifactor Emerging Markets ETF by 15.7% in the 3rd quarter. CoreCap Advisors LLC now owns 47,172 shares of the company’s stock valued at $1,493,000 after purchasing an additional 6,392 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at about $230,000.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.