John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Short Interest Down 64.6% in August

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 35,400 shares, a drop of 64.6% from the August 15th total of 100,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

John Hancock Multifactor Emerging Markets ETF Stock Performance

Shares of JHEM stock opened at $31.23 on Friday. The firm has a market cap of $649.58 million, a P/E ratio of 13.85 and a beta of 0.76. John Hancock Multifactor Emerging Markets ETF has a fifty-two week low of $23.47 and a fifty-two week high of $31.29. The business’s 50 day moving average price is $29.83 and its 200-day moving average price is $28.15.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds have recently made changes to their positions in JHEM. Citadel Advisors LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 165.0% during the fourth quarter. Citadel Advisors LLC now owns 199,430 shares of the company’s stock valued at $5,155,000 after purchasing an additional 124,171 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 3.9% during the first quarter. Pallas Capital Advisors LLC now owns 373,445 shares of the company’s stock valued at $9,956,000 after purchasing an additional 13,876 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the first quarter valued at approximately $877,000. Crossmark Global Holdings Inc. bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the first quarter valued at approximately $248,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the first quarter valued at approximately $1,699,000.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.