John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Significant Growth in Short Interest

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,505 shares, a growth of 182.1% from the September 15th total of 2,306 shares. Based on an average trading volume of 25,852 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

John Hancock Multifactor Large Cap ETF Stock Performance

Shares of NYSEARCA JHML traded down $0.02 during trading on Tuesday, hitting $91.07. The company had a trading volume of 28,013 shares, compared to its average volume of 29,263. The firm has a market capitalization of $1.18 billion, a P/E ratio of 23.08 and a beta of 0.97. The stock has a 50 day simple moving average of $90.62 and a 200 day simple moving average of $87.93. John Hancock Multifactor Large Cap ETF has a 12 month low of $75.90 and a 12 month high of $92.58.

Institutional Trading of John Hancock Multifactor Large Cap ETF

Several hedge funds have recently modified their holdings of JHML. PMG Wealth Management Inc. raised its holdings in John Hancock Multifactor Large Cap ETF by 76.8% during the 1st quarter. PMG Wealth Management Inc. now owns 78,077 shares of the company’s stock valued at $6,111,000 after buying an additional 33,904 shares during the period. Simplicity Wealth LLC boosted its position in John Hancock Multifactor Large Cap ETF by 31.0% in the 1st quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock valued at $13,181,000 after buying an additional 39,828 shares during the period. Kestra Advisory Services LLC raised its stake in shares of John Hancock Multifactor Large Cap ETF by 7.7% during the first quarter. Kestra Advisory Services LLC now owns 299,982 shares of the company’s stock valued at $23,480,000 after acquiring an additional 21,325 shares in the last quarter. Advisory Solutions Group LLC bought a new position in John Hancock Multifactor Large Cap ETF in the second quarter worth approximately $1,063,000. Finally, Financially in Tune LLC bought a new position in John Hancock Multifactor Large Cap ETF during the 4th quarter worth about $1,048,000.

John Hancock Multifactor Large Cap ETF Company Profile

The John Hancock Multifactor Large Cap ETF (JHML) is an exchange-traded fund that is based on the John Hancock Dimensional Large Cap index. The fund tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers. JHML was launched on Sep 28, 2015 and is managed by John Hancock.