John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Stock Short Interest Climbs 168.0%

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 26,973 shares, an increase of 168.0% from the August 31st total of 10,065 shares. Based on an average daily volume of 178,010 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at approximately $230,000. Financially in Tune LLC bought a new stake in John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $278,000. Rockefeller Capital Management L.P. boosted its position in John Hancock Multifactor Emerging Markets ETF by 135.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock worth $1,053,000 after purchasing an additional 18,401 shares during the last quarter. Citadel Advisors LLC boosted its position in John Hancock Multifactor Emerging Markets ETF by 311.2% in the second quarter. Citadel Advisors LLC now owns 31,234 shares of the company’s stock worth $1,257,000 after purchasing an additional 23,639 shares during the last quarter. Finally, NewEdge Wealth LLC purchased a new position in John Hancock Multifactor Emerging Markets ETF in the first quarter worth $2,412,000.

John Hancock Multifactor Emerging Markets ETF Stock Down 0.7%

JHEM stock traded down $0.27 during trading on Monday, reaching $40.07. The stock had a trading volume of 22,390 shares, compared to its average volume of 85,969. John Hancock Multifactor Emerging Markets ETF has a one year low of $30.85 and a one year high of $42.16. The company’s 50 day moving average is $39.55 and its two-hundred day moving average is $38.60. The company has a market capitalization of $985.72 million, a price-to-earnings ratio of 13.85 and a beta of 0.71.

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.