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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 54,745 shares, a growth of 35.0% from the January 29th total of 40,564 shares. Based on an average trading volume of 30,031 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 30,031 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in John Hancock Multifactor Emerging Markets ETF by 2.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock valued at $734,000 after buying an additional 604 shares during the period. Assetmark Inc. acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 2nd quarter valued at $26,000. AE Wealth Management LLC acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF in the third quarter valued at $51,000. Stratos Wealth Partners LTD. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at about $201,000. Finally, CoreCap Advisors LLC lifted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 15.7% during the 3rd quarter. CoreCap Advisors LLC now owns 47,172 shares of the company’s stock worth $1,493,000 after buying an additional 6,392 shares during the last quarter.

John Hancock Multifactor Emerging Markets ETF Stock Down 2.3%

Shares of NYSEARCA JHEM traded down $0.88 during trading hours on Monday, hitting $36.97. The company had a trading volume of 81,801 shares, compared to its average volume of 85,548. The firm’s 50 day moving average is $34.99 and its 200-day moving average is $32.94. John Hancock Multifactor Emerging Markets ETF has a 1-year low of $23.47 and a 1-year high of $37.85. The stock has a market capitalization of $724.61 million, a P/E ratio of 13.85 and a beta of 0.65.

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.