Short Interest in John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Declines By 47.3%

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 18,256 shares, a decrease of 47.3% from the July 15th total of 34,650 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 68,827 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

A number of large investors have recently made changes to their positions in JHMD. Assetmark Inc. raised its stake in shares of John Hancock Multifactor Developed International ETF by 866.7% during the 4th quarter. Assetmark Inc. now owns 1,160 shares of the company’s stock valued at $48,000 after purchasing an additional 1,040 shares during the period. Comerica Bank boosted its stake in John Hancock Multifactor Developed International ETF by 15.1% in the 4th quarter. Comerica Bank now owns 3,137 shares of the company’s stock worth $130,000 after purchasing an additional 411 shares during the period. Western Wealth Management LLC purchased a new position in John Hancock Multifactor Developed International ETF during the 1st quarter valued at about $157,000. CLG LLC purchased a new position in John Hancock Multifactor Developed International ETF during the 2nd quarter valued at about $203,000. Finally, Sun Financial Inc bought a new stake in shares of John Hancock Multifactor Developed International ETF during the fourth quarter valued at about $235,000.

John Hancock Multifactor Developed International ETF Stock Down 0.9%

JHMD traded down $0.43 on Tuesday, hitting $46.01. The company’s stock had a trading volume of 54,873 shares, compared to its average volume of 122,987. John Hancock Multifactor Developed International ETF has a 12 month low of $38.68 and a 12 month high of $46.80. The firm has a market cap of $975.41 million, a P/E ratio of 14.46 and a beta of 0.74. The company’s 50 day simple moving average is $45.14 and its 200-day simple moving average is $44.46.

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.