John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Update

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 77,054 shares, a growth of 118.3% from the May 14th total of 35,304 shares. Based on an average daily volume of 132,871 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

John Hancock Multifactor Developed International ETF Price Performance

Shares of John Hancock Multifactor Developed International ETF stock opened at $45.22 on Friday. John Hancock Multifactor Developed International ETF has a 1 year low of $37.36 and a 1 year high of $46.03. The company has a market capitalization of $945.10 million, a P/E ratio of 14.46 and a beta of 0.74. The business has a 50 day moving average price of $44.52 and a 200 day moving average price of $43.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JHMD. Bank of America Corp DE raised its position in shares of John Hancock Multifactor Developed International ETF by 53.8% during the 2nd quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock worth $27,670,000 after purchasing an additional 252,988 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of John Hancock Multifactor Developed International ETF during the fourth quarter valued at approximately $8,306,000. Raymond James Financial Inc. lifted its stake in shares of John Hancock Multifactor Developed International ETF by 14.5% during the second quarter. Raymond James Financial Inc. now owns 811,692 shares of the company’s stock valued at $31,063,000 after buying an additional 102,550 shares during the period. LPL Financial LLC lifted its stake in shares of John Hancock Multifactor Developed International ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 998,364 shares of the company’s stock valued at $41,462,000 after buying an additional 101,631 shares during the period. Finally, Simplicity Wealth LLC lifted its stake in shares of John Hancock Multifactor Developed International ETF by 31.7% during the first quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock valued at $13,418,000 after buying an additional 76,140 shares during the period.

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.