John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Significant Increase in Short Interest

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 122,024 shares, an increase of 786.6% from the December 15th total of 13,763 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 71,476 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 71,476 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the shares of the company are sold short.

John Hancock Multifactor Developed International ETF Price Performance

JHMD traded up $0.19 during trading on Wednesday, reaching $42.67. 21,737 shares of the company’s stock were exchanged, compared to its average volume of 206,769. John Hancock Multifactor Developed International ETF has a 1 year low of $30.98 and a 1 year high of $42.81. The company’s fifty day simple moving average is $41.22 and its 200-day simple moving average is $40.03. The stock has a market capitalization of $1.11 billion, a P/E ratio of 14.46 and a beta of 0.81.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its holdings in John Hancock Multifactor Developed International ETF by 2.5% during the second quarter. CWM LLC now owns 11,662 shares of the company’s stock worth $446,000 after acquiring an additional 289 shares during the period. Institute for Wealth Management LLC. boosted its position in John Hancock Multifactor Developed International ETF by 1.6% in the 2nd quarter. Institute for Wealth Management LLC. now owns 22,668 shares of the company’s stock worth $868,000 after purchasing an additional 365 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in John Hancock Multifactor Developed International ETF by 3.2% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 16,960 shares of the company’s stock worth $678,000 after purchasing an additional 525 shares in the last quarter. Balboa Wealth Partners grew its stake in shares of John Hancock Multifactor Developed International ETF by 12.1% during the 3rd quarter. Balboa Wealth Partners now owns 7,159 shares of the company’s stock worth $286,000 after purchasing an additional 770 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter valued at approximately $39,000.

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.