Short Interest in John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Rises By 194.0%

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 23,156 shares, a growth of 194.0% from the May 14th total of 7,876 shares. Based on an average trading volume of 24,087 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds have recently bought and sold shares of the business. Simplicity Wealth LLC boosted its stake in John Hancock Multifactor Emerging Markets ETF by 42.6% during the fourth quarter. Simplicity Wealth LLC now owns 124,001 shares of the company’s stock worth $4,080,000 after acquiring an additional 37,058 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 3.8% in the third quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock worth $18,918,000 after buying an additional 22,151 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth approximately $201,000. Financially in Tune LLC bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth approximately $278,000. Finally, Jane Street Group LLC lifted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% in the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after buying an additional 246,336 shares in the last quarter.

John Hancock Multifactor Emerging Markets ETF Price Performance

NYSEARCA:JHEM traded up $0.08 during mid-day trading on Friday, hitting $40.40. 16,180 shares of the company’s stock were exchanged, compared to its average volume of 101,284. John Hancock Multifactor Emerging Markets ETF has a one year low of $28.41 and a one year high of $42.12. The business has a fifty day moving average price of $38.48 and a 200 day moving average price of $35.82. The company has a market cap of $1.02 billion, a PE ratio of 13.85 and a beta of 0.69.

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.