John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Large Growth in Short Interest

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 15,835 shares, a growth of 126.4% from the June 15th total of 6,993 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 45,872 shares, the short-interest ratio is presently 0.3 days.

John Hancock Multifactor Large Cap ETF Price Performance

Shares of NYSEARCA:JHML traded down $0.09 during midday trading on Thursday, hitting $89.24. The company had a trading volume of 10,527 shares, compared to its average volume of 29,899. John Hancock Multifactor Large Cap ETF has a twelve month low of $73.39 and a twelve month high of $90.02. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 23.08 and a beta of 0.97. The business’s 50-day simple moving average is $88.25 and its 200-day simple moving average is $83.84.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of John Hancock Multifactor Large Cap ETF by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 1,345,185 shares of the company’s stock valued at $105,445,000 after purchasing an additional 17,653 shares during the period. Raymond James Financial Inc. raised its stake in John Hancock Multifactor Large Cap ETF by 21.6% during the third quarter. Raymond James Financial Inc. now owns 438,614 shares of the company’s stock worth $34,374,000 after purchasing an additional 77,847 shares during the period. Kestra Advisory Services LLC raised its stake in John Hancock Multifactor Large Cap ETF by 7.7% during the first quarter. Kestra Advisory Services LLC now owns 299,982 shares of the company’s stock worth $23,480,000 after purchasing an additional 21,325 shares during the period. Cetera Investment Advisers boosted its holdings in John Hancock Multifactor Large Cap ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 255,102 shares of the company’s stock valued at $19,967,000 after purchasing an additional 7,885 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in John Hancock Multifactor Large Cap ETF by 31.0% in the 1st quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock valued at $13,181,000 after purchasing an additional 39,828 shares during the last quarter.

John Hancock Multifactor Large Cap ETF Company Profile

The John Hancock Multifactor Large Cap ETF (JHML) is an exchange-traded fund that is based on the John Hancock Dimensional Large Cap index. The fund tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers. JHML was launched on Sep 28, 2015 and is managed by John Hancock.