John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Decline in Short Interest

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 13,763 shares, a drop of 40.4% from the November 30th total of 23,095 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 325,513 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 325,513 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JHMD. Jane Street Group LLC lifted its holdings in shares of John Hancock Multifactor Developed International ETF by 49.2% in the 1st quarter. Jane Street Group LLC now owns 144,236 shares of the company’s stock worth $5,041,000 after acquiring an additional 47,538 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in John Hancock Multifactor Developed International ETF by 449.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 96,092 shares of the company’s stock worth $3,684,000 after purchasing an additional 78,612 shares during the period. Magnus Financial Group LLC lifted its stake in John Hancock Multifactor Developed International ETF by 1.1% in the second quarter. Magnus Financial Group LLC now owns 320,286 shares of the company’s stock worth $12,257,000 after purchasing an additional 3,537 shares during the last quarter. ORG Partners LLC bought a new stake in John Hancock Multifactor Developed International ETF in the second quarter worth about $293,000. Finally, Institute for Wealth Management LLC. boosted its position in shares of John Hancock Multifactor Developed International ETF by 1.6% during the second quarter. Institute for Wealth Management LLC. now owns 22,668 shares of the company’s stock valued at $868,000 after buying an additional 365 shares during the period.

John Hancock Multifactor Developed International ETF Trading Up 0.2%

Shares of NYSEARCA:JHMD traded up $0.07 during mid-day trading on Friday, reaching $42.27. The stock had a trading volume of 28,806 shares, compared to its average volume of 94,819. The business’s 50 day moving average price is $40.82 and its 200 day moving average price is $39.68. John Hancock Multifactor Developed International ETF has a 1 year low of $30.98 and a 1 year high of $42.27. The company has a market cap of $858.08 million, a P/E ratio of 14.46 and a beta of 0.81.

John Hancock Multifactor Developed International ETF Company Profile

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.