John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Significant Decline in Short Interest

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 4,660 shares, a decline of 79.9% from the May 31st total of 23,156 shares. Based on an average daily trading volume, of 51,094 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

John Hancock Multifactor Emerging Markets ETF Stock Down 1.6%

Shares of John Hancock Multifactor Emerging Markets ETF stock traded down $0.65 during trading hours on Friday, hitting $39.56. 4,719 shares of the company’s stock traded hands, compared to its average volume of 96,234. The stock has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $36.43. The company has a market cap of $1.00 billion, a PE ratio of 13.85 and a beta of 0.69. John Hancock Multifactor Emerging Markets ETF has a twelve month low of $28.97 and a twelve month high of $42.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JHEM. Stratos Wealth Partners LTD. acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at approximately $201,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at approximately $230,000. Ameriprise Financial Inc. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 3rd quarter valued at approximately $228,000. Financially in Tune LLC purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at approximately $278,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock worth $734,000 after buying an additional 604 shares in the last quarter.

About John Hancock Multifactor Emerging Markets ETF

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.