John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Large Drop in Short Interest
by Danessa Lincoln · The Markets DailyJohn Hancock Multifactor Large Cap ETF (NYSEARCA:JHML – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 5,574 shares, a drop of 63.2% from the May 14th total of 15,167 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,150 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF
A number of large investors have recently added to or reduced their stakes in JHML. Advisory Services Network LLC purchased a new position in John Hancock Multifactor Large Cap ETF in the 3rd quarter worth $26,000. Flagship Harbor Advisors LLC purchased a new position in John Hancock Multifactor Large Cap ETF in the 4th quarter worth $27,000. REAP Financial Group LLC purchased a new position in John Hancock Multifactor Large Cap ETF in the 4th quarter worth $36,000. Pittenger & Anderson Inc. purchased a new position in John Hancock Multifactor Large Cap ETF in the 1st quarter worth $45,000. Finally, Trust Co. of Vermont purchased a new position in John Hancock Multifactor Large Cap ETF in the 4th quarter worth $62,000.
John Hancock Multifactor Large Cap ETF Trading Up 0.7%
Shares of John Hancock Multifactor Large Cap ETF stock traded up $0.58 on Friday, hitting $88.51. 21,116 shares of the company traded hands, compared to its average volume of 28,236. The firm’s 50-day simple moving average is $85.58 and its 200 day simple moving average is $82.41. The company has a market cap of $1.15 billion, a P/E ratio of 23.08 and a beta of 0.97. John Hancock Multifactor Large Cap ETF has a 12-month low of $70.84 and a 12-month high of $89.70.
John Hancock Multifactor Large Cap ETF Company Profile
The John Hancock Multifactor Large Cap ETF (JHML) is an exchange-traded fund that is based on the John Hancock Dimensional Large Cap index. The fund tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers. JHML was launched on Sep 28, 2015 and is managed by John Hancock.