Short Interest in John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Drops By 47.3%

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 18,256 shares, a decline of 47.3% from the July 15th total of 34,650 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 68,827 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of John Hancock Multifactor Developed International ETF during the fourth quarter worth about $799,000. Cornerstone Wealth Management LLC bought a new stake in John Hancock Multifactor Developed International ETF in the 4th quarter valued at approximately $704,000. Financially in Tune LLC acquired a new position in John Hancock Multifactor Developed International ETF during the 4th quarter worth approximately $1,154,000. Royal Bank of Canada boosted its position in John Hancock Multifactor Developed International ETF by 35.3% during the 1st quarter. Royal Bank of Canada now owns 200,313 shares of the company’s stock worth $8,487,000 after acquiring an additional 52,226 shares during the last quarter. Finally, Simplicity Wealth LLC grew its stake in shares of John Hancock Multifactor Developed International ETF by 31.7% during the 1st quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock worth $13,418,000 after acquiring an additional 76,140 shares in the last quarter.

John Hancock Multifactor Developed International ETF Stock Down 0.2%

John Hancock Multifactor Developed International ETF stock traded down $0.11 during midday trading on Monday, hitting $46.44. The company’s stock had a trading volume of 46,610 shares, compared to its average volume of 123,424. John Hancock Multifactor Developed International ETF has a 12 month low of $38.68 and a 12 month high of $46.80. The company has a market capitalization of $984.53 million, a PE ratio of 14.46 and a beta of 0.74. The stock’s 50-day moving average price is $45.14 and its 200-day moving average price is $44.46.

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.