John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Short Interest Update
by Doug Wharley · The Cerbat GemJohn Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 55,535 shares, an increase of 99.1% from the March 15th total of 27,899 shares. Based on an average daily volume of 228,083 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.
Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 5.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock valued at $20,801,000 after acquiring an additional 34,627 shares in the last quarter. Brueske Advisory Services LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 8.0% in the 3rd quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock valued at $16,868,000 after acquiring an additional 39,298 shares in the last quarter. LPL Financial LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 2,155.4% in the 4th quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock valued at $17,365,000 after acquiring an additional 504,400 shares in the last quarter. Jane Street Group LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 435.3% in the 1st quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock valued at $8,076,000 after acquiring an additional 246,336 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in John Hancock Multifactor Emerging Markets ETF by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock valued at $6,459,000 after acquiring an additional 34,629 shares in the last quarter.
John Hancock Multifactor Emerging Markets ETF Stock Performance
Shares of JHEM traded up $0.31 during mid-day trading on Monday, reaching $36.54. The company had a trading volume of 120,630 shares, compared to its average volume of 138,408. The firm has a 50-day moving average price of $35.45 and a 200 day moving average price of $33.85. John Hancock Multifactor Emerging Markets ETF has a 52 week low of $25.42 and a 52 week high of $37.85. The company has a market capitalization of $873.31 million, a price-to-earnings ratio of 13.85 and a beta of 0.64.
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.