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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 2,306 shares, a drop of 86.1% from the August 31st total of 16,540 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 23,906 shares, the days-to-cover ratio is presently 0.1 days.

John Hancock Multifactor Large Cap ETF Stock Up 0.4%

Shares of John Hancock Multifactor Large Cap ETF stock opened at $90.28 on Friday. John Hancock Multifactor Large Cap ETF has a 12-month low of $75.90 and a 12-month high of $92.58. The stock has a market cap of $1.18 billion, a P/E ratio of 23.08 and a beta of 0.97. The business’s 50 day moving average is $90.28 and its 200-day moving average is $86.94.

Institutional Trading of John Hancock Multifactor Large Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHML. Envestnet Portfolio Solutions Inc. grew its position in shares of John Hancock Multifactor Large Cap ETF by 17.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,517 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,127 shares during the period. NewEdge Advisors LLC lifted its stake in John Hancock Multifactor Large Cap ETF by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,459 shares of the company’s stock valued at $754,000 after purchasing an additional 114 shares during the last quarter. Advisory Solutions Group LLC bought a new position in John Hancock Multifactor Large Cap ETF during the second quarter worth about $1,063,000. Trust Co. of Vermont acquired a new position in John Hancock Multifactor Large Cap ETF during the second quarter worth approximately $69,000. Finally, CoreCap Advisors LLC increased its position in John Hancock Multifactor Large Cap ETF by 5.8% during the second quarter. CoreCap Advisors LLC now owns 65,438 shares of the company’s stock worth $5,836,000 after buying an additional 3,596 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.