John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Significant Decline in Short Interest

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 69,023 shares, a drop of 60.6% from the September 15th total of 175,353 shares. Based on an average daily volume of 224,478 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

John Hancock Multifactor Mid Cap ETF Trading Up 0.0%

John Hancock Multifactor Mid Cap ETF stock traded up $0.03 during mid-day trading on Tuesday, reaching $72.92. The company’s stock had a trading volume of 100,275 shares, compared to its average volume of 232,475. John Hancock Multifactor Mid Cap ETF has a twelve month low of $61.95 and a twelve month high of $77.45. The business has a 50 day moving average price of $74.32 and a 200-day moving average price of $73.02. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JHMM. The Manufacturers Life Insurance Company grew its position in shares of John Hancock Multifactor Mid Cap ETF by 47.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock valued at $305,353,000 after buying an additional 1,309,269 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in John Hancock Multifactor Mid Cap ETF by 248.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 375,081 shares of the company’s stock valued at $24,560,000 after acquiring an additional 267,590 shares during the period. MCF Advisors LLC grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 12,763.0% during the second quarter. MCF Advisors LLC now owns 234,236 shares of the company’s stock valued at $17,558,000 after purchasing an additional 232,415 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 459.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 233,406 shares of the company’s stock valued at $15,666,000 after purchasing an additional 191,679 shares during the last quarter. Finally, 46 Peaks LLC bought a new position in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter valued at approximately $9,281,000.

About John Hancock Multifactor Mid Cap ETF

The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.