John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Significant Drop in Short Interest

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 2,977 shares, a decline of 97.6% from the December 31st total of 122,024 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 204,991 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 204,991 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

John Hancock Multifactor Developed International ETF Trading Down 1.1%

Shares of JHMD traded down $0.48 during trading hours on Wednesday, reaching $43.59. The company had a trading volume of 33,869 shares, compared to its average volume of 157,123. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81. John Hancock Multifactor Developed International ETF has a 12-month low of $30.98 and a 12-month high of $44.14. The firm has a 50 day simple moving average of $41.70 and a 200-day simple moving average of $40.36.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP acquired a new position in John Hancock Multifactor Developed International ETF during the third quarter worth $39,000. Assetmark Inc. increased its position in shares of John Hancock Multifactor Developed International ETF by 866.7% in the fourth quarter. Assetmark Inc. now owns 1,160 shares of the company’s stock valued at $48,000 after buying an additional 1,040 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of John Hancock Multifactor Developed International ETF by 209.1% during the 2nd quarter. Ameriflex Group Inc. now owns 3,375 shares of the company’s stock worth $128,000 after buying an additional 2,283 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF in the 3rd quarter worth about $135,000. Finally, CLG LLC acquired a new stake in John Hancock Multifactor Developed International ETF in the 2nd quarter valued at about $203,000.

About John Hancock Multifactor Developed International ETF

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.