John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Down 21.7% in February

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 40,021 shares, a decline of 21.7% from the February 12th total of 51,114 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 103,446 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 103,446 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at approximately $39,000. Assetmark Inc. boosted its position 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 acquiring an additional 1,040 shares during the last quarter. Comerica Bank boosted its position in shares of John Hancock Multifactor Developed International ETF by 15.1% during the 4th quarter. Comerica Bank now owns 3,137 shares of the company’s stock valued at $130,000 after acquiring an additional 411 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of John Hancock Multifactor Developed International ETF in the third quarter valued at $135,000. Finally, CLG LLC bought a new stake in John Hancock Multifactor Developed International ETF in the second quarter worth $203,000.

John Hancock Multifactor Developed International ETF Price Performance

Shares of John Hancock Multifactor Developed International ETF stock traded down $0.54 during trading on Friday, reaching $41.90. 112,397 shares of the stock traded hands, compared to its average volume of 176,139. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81. The business has a fifty day simple moving average of $43.81 and a two-hundred day simple moving average of $41.64. John Hancock Multifactor Developed International ETF has a 52-week low of $30.98 and a 52-week high of $46.03.

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.