John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Stock Short Interest Rises 75.3%

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 120,998 shares, an increase of 75.3% from the September 30th total of 69,023 shares. Based on an average trading volume of 249,035 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of John Hancock Multifactor Mid Cap ETF by 47.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock valued at $305,353,000 after acquiring an additional 1,309,269 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in John Hancock Multifactor Mid Cap ETF in the 3rd quarter valued at $132,080,000. Bank of America Corp DE lifted its stake in shares of John Hancock Multifactor Mid Cap ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 1,265,480 shares of the company’s stock valued at $84,939,000 after buying an additional 75,170 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 1.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 817,056 shares of the company’s stock worth $58,419,000 after purchasing an additional 8,516 shares in the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 676,992 shares of the company’s stock worth $45,413,000 after purchasing an additional 23,206 shares in the last quarter.

John Hancock Multifactor Mid Cap ETF Trading Up 0.1%

NYSEARCA JHMM opened at $73.96 on Wednesday. John Hancock Multifactor Mid Cap ETF has a 1-year low of $61.95 and a 1-year high of $77.45. The company has a market capitalization of $6.07 billion, a PE ratio of 19.62 and a beta of 0.99. The firm’s fifty day simple moving average is $73.35 and its 200-day simple moving average is $72.14.

About John Hancock Multifactor Mid Cap ETF

The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.