John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) Sees Large Increase in Short Interest

John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 32,115 shares, a growth of 201.2% from the June 30th total of 10,663 shares. Based on an average daily trading volume, of 62,913 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JHSC. Sims Investment Management LLC increased its holdings in John Hancock Multifactor Small Cap ETF by 4.1% during the fourth quarter. Sims Investment Management LLC now owns 321,946 shares of the company’s stock valued at $13,519,000 after buying an additional 12,603 shares during the period. Simplicity Wealth LLC lifted its holdings in John Hancock Multifactor Small Cap ETF by 41.5% during the fourth quarter. Simplicity Wealth LLC now owns 39,574 shares of the company’s stock worth $1,662,000 after buying an additional 11,609 shares during the period. Money Concepts Capital Corp purchased a new stake in John Hancock Multifactor Small Cap ETF during the first quarter worth $2,682,000. Elevation Point Wealth Partners LLC bought a new stake in John Hancock Multifactor Small Cap ETF during the 1st quarter valued at $984,000. Finally, Fifth Third Bancorp bought a new stake in John Hancock Multifactor Small Cap ETF during the 1st quarter valued at $45,000.

John Hancock Multifactor Small Cap ETF Stock Performance

Shares of John Hancock Multifactor Small Cap ETF stock remained flat at $48.24 during trading on Monday. The stock had a trading volume of 4,826 shares, compared to its average volume of 45,103. The firm’s 50-day moving average is $47.59 and its two-hundred day moving average is $45.80. The stock has a market cap of $713.95 million, a price-to-earnings ratio of 15.76 and a beta of 1.00. John Hancock Multifactor Small Cap ETF has a 1 year low of $38.59 and a 1 year high of $48.87.

About John Hancock Multifactor Small Cap ETF

The John Hancock Multifactor Small Cap ETF (JHSC) is an exchange-traded fund that is based on the John Hancock Dimensional Small Cap index. The fund tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted by multiple factors relative to their sector peers. JHSC was launched on Nov 8, 2017 and is managed by John Hancock.