John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Short Interest Up 556.8% in April

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 62,072 shares, a growth of 556.8% from the April 15th total of 9,450 shares. Based on an average daily volume of 92,015 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of John Hancock Multifactor Developed International ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 998,364 shares of the company’s stock valued at $41,462,000 after buying an additional 101,631 shares during the period. Bank of America Corp DE increased its stake in shares of John Hancock Multifactor Developed International ETF by 21.5% in the 3rd quarter. Bank of America Corp DE now owns 878,717 shares of the company’s stock valued at $35,131,000 after buying an additional 155,695 shares during the period. Raymond James Financial Inc. increased its stake in shares of John Hancock Multifactor Developed International ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 839,721 shares of the company’s stock valued at $33,572,000 after buying an additional 28,029 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of John Hancock Multifactor Developed International ETF by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 559,219 shares of the company’s stock valued at $22,358,000 after buying an additional 4,020 shares during the period. Finally, Magnus Financial Group LLC increased its stake in shares of John Hancock Multifactor Developed International ETF by 0.8% in the 4th quarter. Magnus Financial Group LLC now owns 325,182 shares of the company’s stock valued at $13,505,000 after buying an additional 2,733 shares during the period.

John Hancock Multifactor Developed International ETF Stock Down 0.4%

JHMD stock traded down $0.19 during midday trading on Tuesday, reaching $44.77. 53,905 shares of the company’s stock traded hands, compared to its average volume of 148,518. The company has a 50-day simple moving average of $43.47 and a two-hundred day simple moving average of $42.64. John Hancock Multifactor Developed International ETF has a 1-year low of $36.72 and a 1-year high of $46.03. The company has a market cap of $935.69 million, a price-to-earnings ratio of 14.46 and a beta of 0.75.

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.