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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw a large decline in short interest in the month of 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. Based on an average daily trading volume, of 64,802 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of John Hancock Multifactor Developed International ETF in the 3rd quarter worth about $39,000. Assetmark Inc. grew its holdings in shares of John Hancock Multifactor Developed International ETF by 866.7% during the 4th quarter. Assetmark Inc. now owns 1,160 shares of the company’s stock worth $48,000 after purchasing an additional 1,040 shares during the period. Comerica Bank grew its holdings in shares of John Hancock Multifactor Developed International ETF by 15.1% during the 4th quarter. Comerica Bank now owns 3,137 shares of the company’s stock worth $130,000 after purchasing an additional 411 shares during the period. Western Wealth Management LLC acquired a new stake in John Hancock Multifactor Developed International ETF during the 1st quarter worth approximately $157,000. Finally, CLG LLC acquired a new stake in John Hancock Multifactor Developed International ETF during the 2nd quarter worth approximately $203,000.

John Hancock Multifactor Developed International ETF Stock Performance

Shares of JHMD traded up $0.35 during trading hours on Wednesday, hitting $45.04. The stock had a trading volume of 60,415 shares, compared to its average volume of 130,894. The firm has a market cap of $954.85 million, a P/E ratio of 14.46 and a beta of 0.74. The company’s fifty day simple moving average is $44.81 and its 200 day simple moving average is $43.94. John Hancock Multifactor Developed International ETF has a 12-month low of $37.38 and a 12-month high of $46.03.

About John Hancock Multifactor Developed International ETF

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.