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 decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,660 shares, a decline of 79.9% from the May 31st total of 23,156 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 51,094 shares, the short-interest ratio is currently 0.1 days.

John Hancock Multifactor Emerging Markets ETF Price Performance

NYSEARCA:JHEM traded down $0.65 during mid-day trading on Friday, reaching $39.56. 4,719 shares of the company’s stock traded hands, compared to its average volume of 96,234. John Hancock Multifactor Emerging Markets ETF has a 12-month low of $28.97 and a 12-month high of $42.16. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 13.85 and a beta of 0.69. The company has a 50 day moving average price of $39.53 and a 200-day moving average price of $36.40.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JHEM. Stratos Wealth Partners LTD. purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter worth about $201,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth approximately $230,000. Ameriprise Financial Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 3rd quarter worth approximately $228,000. Financially in Tune LLC purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at approximately $278,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock valued at $734,000 after purchasing an additional 604 shares during the period.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.