Short Interest in John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) Declines By 49.5%

John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 20,008 shares, a drop of 49.5% from the January 29th total of 39,649 shares. Based on an average daily volume of 30,462 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 30,462 shares, the days-to-cover ratio is presently 0.7 days.

John Hancock Multifactor Small Cap ETF Stock Up 0.8%

John Hancock Multifactor Small Cap ETF stock opened at $46.11 on Friday. The company’s 50-day moving average price is $44.59 and its 200-day moving average price is $42.70. The company has a market cap of $698.57 million, a PE ratio of 15.76 and a beta of 1.05. John Hancock Multifactor Small Cap ETF has a twelve month low of $31.96 and a twelve month high of $46.78.

Institutional Investors Weigh In On John Hancock Multifactor Small Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JHSC. AE Wealth Management LLC bought a new stake in shares of John Hancock Multifactor Small Cap ETF in the 3rd quarter valued at approximately $34,000. Huntington National Bank purchased a new stake in John Hancock Multifactor Small Cap ETF during the 3rd quarter valued at $49,000. International Assets Investment Management LLC bought a new stake in John Hancock Multifactor Small Cap ETF in the fourth quarter worth $71,000. Institute for Wealth Management LLC. purchased a new position in John Hancock Multifactor Small Cap ETF during the third quarter worth $205,000. Finally, Kestra Advisory Services LLC purchased a new position in John Hancock Multifactor Small Cap ETF during the fourth quarter worth $230,000.

About John Hancock Multifactor Small Cap ETF

The John Hancock Multifactor Small Cap ETF (JHSC) is an exchange-traded fund that is based on the John Hancock Dimensional Small Cap index. The fund tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted by multiple factors relative to their sector peers. JHSC was launched on Nov 8, 2017 and is managed by John Hancock.