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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 486 shares, a decrease of 86.5% from the July 30th total of 3,611 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 35,929 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in John Hancock Multifactor Large Cap ETF by 8.6% in the second quarter. JPMorgan Chase & Co. now owns 8,327 shares of the company’s stock valued at $611,000 after buying an additional 662 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of John Hancock Multifactor Large Cap ETF by 605.1% during the second quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock worth $26,463,000 after buying an additional 309,599 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of John Hancock Multifactor Large Cap ETF in the second quarter valued at approximately $75,000. Orion Porfolio Solutions LLC raised its position in John Hancock Multifactor Large Cap ETF by 6.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,288 shares of the company’s stock worth $493,000 after buying an additional 378 shares during the last quarter. Finally, Equitable Holdings Inc. raised its holdings in John Hancock Multifactor Large Cap ETF by 17.0% during the third quarter. Equitable Holdings Inc. now owns 12,112 shares of the company’s stock worth $949,000 after purchasing an additional 1,761 shares in the last quarter.

John Hancock Multifactor Large Cap ETF Price Performance

Shares of NYSEARCA JHML traded up $0.18 during mid-day trading on Thursday, hitting $91.30. The company had a trading volume of 30,068 shares, compared to its average volume of 30,485. The company has a market capitalization of $1.19 billion, a PE ratio of 23.08 and a beta of 0.97. The business’s 50-day simple moving average is $89.75 and its 200 day simple moving average is $85.78. John Hancock Multifactor Large Cap ETF has a 1-year low of $75.29 and a 1-year high of $92.58.

About John Hancock Multifactor Large Cap ETF

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.