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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the target of a large growth in short interest in the month of 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. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 24,087 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings 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 buying an additional 2,947,062 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in John Hancock Multifactor Emerging Markets ETF by 5.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock worth $20,801,000 after buying an additional 34,627 shares in the last quarter. LPL Financial LLC grew its holdings in John Hancock Multifactor Emerging Markets ETF by 2,155.4% in the 4th quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock worth $17,365,000 after buying an additional 504,400 shares in the last quarter. Jane Street Group LLC grew its holdings in John Hancock Multifactor Emerging Markets ETF by 435.3% in the 1st quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after buying an additional 246,336 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in John Hancock Multifactor Emerging Markets ETF by 36.1% in the 1st quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock worth $10,375,000 after buying an additional 80,299 shares in the last quarter.

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.

About John Hancock Multifactor Emerging Markets ETF

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.