John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Down 43.1% in May

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 35,304 shares, a decline of 43.1% from the April 30th total of 62,072 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 162,374 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in John Hancock Multifactor Developed International ETF during the first quarter valued at approximately $157,000. Royal Bank of Canada lifted its stake in John Hancock Multifactor Developed International ETF by 35.3% in the 1st quarter. Royal Bank of Canada now owns 200,313 shares of the company’s stock worth $8,487,000 after purchasing an additional 52,226 shares in the last quarter. CLG LLC purchased a new stake in John Hancock Multifactor Developed International ETF in the 1st quarter worth approximately $241,000. D.A. Davidson & CO. boosted its holdings in John Hancock Multifactor Developed International ETF by 15.6% in the 1st quarter. D.A. Davidson & CO. now owns 46,140 shares of the company’s stock valued at $1,955,000 after purchasing an additional 6,227 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of John Hancock Multifactor Developed International ETF by 12.1% during the 1st quarter. Sanctuary Advisors LLC now owns 21,578 shares of the company’s stock valued at $914,000 after purchasing an additional 2,327 shares in the last quarter.

John Hancock Multifactor Developed International ETF Stock Up 0.4%

JHMD traded up $0.18 during trading on Thursday, reaching $44.98. 31,302 shares of the company were exchanged, compared to its average volume of 142,996. John Hancock Multifactor Developed International ETF has a 12-month low of $37.36 and a 12-month high of $46.03. The company’s 50-day moving average is $44.14 and its two-hundred day moving average is $43.16. The company has a market cap of $940.08 million, a price-to-earnings ratio of 14.46 and a beta of 0.75.

John Hancock Multifactor Developed International ETF Company Profile

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.