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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 4,660 shares, a decrease of 79.9% from the May 31st total of 23,156 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 51,094 shares, the short-interest ratio is currently 0.1 days.

John Hancock Multifactor Emerging Markets ETF Stock Down 1.6%

John Hancock Multifactor Emerging Markets ETF stock traded down $0.65 during mid-day trading on Friday, reaching $39.56. 4,719 shares of the company’s stock were exchanged, compared to its average volume of 96,234. The business’s fifty day simple moving average is $39.53 and its 200 day simple moving average is $36.40. John Hancock Multifactor Emerging Markets ETF has a one year low of $28.97 and a one year high of $42.16. The firm has a market capitalization of $1.00 billion, a PE ratio of 13.85 and a beta of 0.69.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JHEM. Stratos Wealth Partners LTD. purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth about $201,000. Ameriprise Financial Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 3rd quarter valued at approximately $228,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at approximately $230,000. Financially in Tune LLC purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth approximately $278,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock worth $734,000 after purchasing an additional 604 shares during the last quarter.

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.