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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,876 shares, an increase of 76.2% from the April 30th total of 4,469 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 24,867 shares, the days-to-cover ratio is presently 0.3 days.

John Hancock Multifactor Emerging Markets ETF Stock Performance

JHEM stock traded up $0.69 during mid-day trading on Tuesday, hitting $41.62. 84,047 shares of the company were exchanged, compared to its average volume of 105,596. John Hancock Multifactor Emerging Markets ETF has a 1-year low of $27.78 and a 1-year high of $41.83. The firm has a market cap of $1.05 billion, a P/E ratio of 13.85 and a beta of 0.68. The firm’s 50 day simple moving average is $37.37 and its 200 day simple moving average is $35.35.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in John Hancock Multifactor Emerging Markets ETF by 18.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock worth $652,279,000 after purchasing an additional 2,947,062 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 5.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock valued at $20,801,000 after buying an additional 34,627 shares during the period. LPL Financial LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 2,155.4% during the fourth quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock valued at $17,365,000 after buying an additional 504,400 shares during the period. Jane Street Group LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% during the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock valued at $8,076,000 after buying an additional 246,336 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 36.1% during the first quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after buying an additional 80,299 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.