John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) Sees Significant Growth in Short Interest

John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 20,669 shares, an increase of 583.5% from the October 15th total of 3,024 shares. Based on an average daily volume of 13,671 shares, the short-interest ratio is currently 1.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of John Hancock Multifactor Small Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of JHSC. HighTower Advisors LLC acquired a new position in John Hancock Multifactor Small Cap ETF during the third quarter worth about $4,729,000. Commonwealth Equity Services LLC acquired a new position in John Hancock Multifactor Small Cap ETF during the 3rd quarter worth approximately $10,226,000. Simplicity Wealth LLC increased its position in John Hancock Multifactor Small Cap ETF by 77.4% during the 3rd quarter. Simplicity Wealth LLC now owns 112,369 shares of the company’s stock worth $5,107,000 after purchasing an additional 49,015 shares in the last quarter. Fifth Third Securities Inc. increased its position in John Hancock Multifactor Small Cap ETF by 15.4% during the 3rd quarter. Fifth Third Securities Inc. now owns 24,254 shares of the company’s stock worth $1,102,000 after purchasing an additional 3,241 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in John Hancock Multifactor Small Cap ETF in the 3rd quarter valued at approximately $3,943,000.

John Hancock Multifactor Small Cap ETF Price Performance

NYSEARCA JHSC opened at $48.03 on Wednesday. The business has a fifty day moving average price of $46.85 and a two-hundred day moving average price of $46.55. The stock has a market capitalization of $708.44 million, a PE ratio of 17.03 and a beta of 1.01. John Hancock Multifactor Small Cap ETF has a fifty-two week low of $39.61 and a fifty-two week high of $50.00.

John Hancock Multifactor Small Cap ETF Company Profile

The John Hancock Multifactor Small Cap ETF (JHSC) is an exchange-traded fund that is based on the John Hancock Dimensional Small Cap index. The fund tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted by multiple factors relative to their sector peers. JHSC was launched on Nov 8, 2017 and is managed by John Hancock.