Short Interest in John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Declines By 60.8%

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 41,131 shares, a decline of 60.8% from the June 15th total of 105,020 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 64,802 shares, the days-to-cover ratio is currently 0.6 days.

John Hancock Multifactor Developed International ETF Stock Performance

NYSEARCA:JHMD traded up $0.31 during midday trading on Tuesday, reaching $44.69. 40,501 shares of the stock traded hands, compared to its average volume of 131,428. John Hancock Multifactor Developed International ETF has a 12-month low of $37.38 and a 12-month high of $46.03. The business has a 50-day moving average of $44.80 and a two-hundred day moving average of $43.93. The stock has a market capitalization of $960.84 million, a PE ratio of 14.46 and a beta of 0.74.

Institutional Trading of John Hancock Multifactor Developed International ETF

Large investors have recently bought and sold shares of the stock. FFG Retirement Advisors LLC increased its stake in John Hancock Multifactor Developed International ETF by 70.1% during the 2nd quarter. FFG Retirement Advisors LLC now owns 119,272 shares of the company’s stock valued at $5,297,000 after purchasing an additional 49,163 shares in the last quarter. Cooper Financial Group lifted its stake in shares of John Hancock Multifactor Developed International ETF by 7.9% during the second quarter. Cooper Financial Group now owns 79,529 shares of the company’s stock worth $3,532,000 after buying an additional 5,831 shares during the period. CoreCap Advisors LLC grew its holdings in shares of John Hancock Multifactor Developed International ETF by 4.0% during the second quarter. CoreCap Advisors LLC now owns 122,644 shares of the company’s stock valued at $5,447,000 after buying an additional 4,757 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF during the first quarter valued at $157,000. Finally, Royal Bank of Canada increased its position in shares of John Hancock Multifactor Developed International ETF by 35.3% in the 1st quarter. Royal Bank of Canada now owns 200,313 shares of the company’s stock valued at $8,487,000 after acquiring an additional 52,226 shares during the period.

John Hancock Multifactor Developed International ETF Company Profile

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.