John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Significant Increase in Short Interest

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 23,156 shares, a growth of 194.0% from the May 14th total of 7,876 shares. Based on an average daily trading volume, of 24,087 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are sold short.

John Hancock Multifactor Emerging Markets ETF Trading Up 4.1%

Shares of John Hancock Multifactor Emerging Markets ETF stock opened at $40.32 on Friday. The business’s 50 day simple moving average is $38.36 and its 200-day simple moving average is $35.78. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. John Hancock Multifactor Emerging Markets ETF has a twelve month low of $28.41 and a twelve month high of $42.12.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 42.6% during the 4th quarter. Simplicity Wealth LLC now owns 124,001 shares of the company’s stock worth $4,080,000 after purchasing an additional 37,058 shares during the period. Pallas Capital Advisors LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 3.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock worth $18,918,000 after purchasing an additional 22,151 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth approximately $201,000. CoreCap Advisors LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 14.6% during the 4th quarter. CoreCap Advisors LLC now owns 54,061 shares of the company’s stock worth $1,779,000 after purchasing an additional 6,889 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 34,737 shares of the company’s stock worth $1,143,000 after purchasing an additional 8,328 shares during the period.

John Hancock Multifactor Emerging Markets ETF Company Profile

The John Hancock Multifactor Emerging Markets ETF (JHEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor weighted index of large- and mid-cap stocks from emerging markets. JHEM was launched on Sep 27, 2018 and is managed by John Hancock.