Short Interest in John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Drops By 60.8%

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 41,131 shares, a decline of 60.8% from the June 15th total of 105,020 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 64,802 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in shares of John Hancock Multifactor Developed International ETF in the third quarter valued at about $39,000. Assetmark Inc. boosted its position in John Hancock Multifactor Developed International ETF by 866.7% during the fourth quarter. Assetmark Inc. now owns 1,160 shares of the company’s stock worth $48,000 after acquiring an additional 1,040 shares during the last quarter. Comerica Bank boosted its position in John Hancock Multifactor Developed International ETF by 15.1% during the fourth quarter. Comerica Bank now owns 3,137 shares of the company’s stock worth $130,000 after acquiring an additional 411 shares during the last quarter. Western Wealth Management LLC purchased a new stake in John Hancock Multifactor Developed International ETF during the 1st quarter valued at about $157,000. Finally, CLG LLC purchased a new stake in John Hancock Multifactor Developed International ETF during the 2nd quarter valued at about $203,000.

John Hancock Multifactor Developed International ETF Stock Performance

Shares of JHMD opened at $44.69 on Monday. John Hancock Multifactor Developed International ETF has a one year low of $37.38 and a one year high of $46.03. The stock has a market capitalization of $960.84 million, a price-to-earnings ratio of 14.46 and a beta of 0.74. The stock has a 50 day moving average price of $44.80 and a 200 day moving average price of $43.91.

About John Hancock Multifactor Developed International ETF

The John Hancock Multifactor Developed International ETF (JHMD) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks from developed markets ex-US and Canada, covering 85% of the market capitalization. Holdings are weighted based on fundamental and technical factors JHMD was launched on Dec 15, 2016 and is managed by John Hancock.