John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Short Interest Update

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 7,876 shares, a growth of 76.2% from the April 30th total of 4,469 shares. Based on an average daily volume of 24,867 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

John Hancock Multifactor Emerging Markets ETF Stock Performance

Shares of JHEM opened at $41.42 on Thursday. John Hancock Multifactor Emerging Markets ETF has a one year low of $28.24 and a one year high of $42.12. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.85 and a beta of 0.68. The stock has a 50 day moving average price of $37.67 and a 200 day moving average price of $35.48.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 36.1% in the first quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after purchasing an additional 80,299 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 18.3% during the first quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock worth $652,279,000 after buying an additional 2,947,062 shares during the period. NewEdge Wealth LLC purchased a new position in John Hancock Multifactor Emerging Markets ETF in the first quarter valued at $2,412,000. Simplicity Wealth LLC raised its position in John Hancock Multifactor Emerging Markets ETF by 27.9% in the 1st quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock valued at $5,433,000 after purchasing an additional 34,585 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in John Hancock Multifactor Emerging Markets ETF by 135.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock valued at $1,053,000 after purchasing an additional 18,401 shares in the last quarter.

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.