John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 175,353 shares, a growth of 151.7% from the August 31st total of 69,655 shares. Based on an average daily trading volume, of 195,834 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in John Hancock Multifactor Mid Cap ETF by 47.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock valued at $305,353,000 after purchasing an additional 1,309,269 shares during the last quarter. LPL Financial LLC grew its position in shares of John Hancock Multifactor Mid Cap ETF by 2.1% during the 4th quarter. LPL Financial LLC now owns 4,281,549 shares of the company’s stock worth $280,356,000 after buying an additional 89,575 shares during the period. Bank of America Corp DE grew its position in shares of John Hancock Multifactor Mid Cap ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 1,265,480 shares of the company’s stock worth $84,939,000 after buying an additional 75,170 shares during the period. Private Advisor Group LLC increased its stake in shares of John Hancock Multifactor Mid Cap ETF by 1.6% in the 1st quarter. Private Advisor Group LLC now owns 818,029 shares of the company’s stock valued at $54,906,000 after acquiring an additional 12,801 shares during the last quarter. Finally, Granite Bay Wealth Management LLC increased its stake in shares of John Hancock Multifactor Mid Cap ETF by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 676,992 shares of the company’s stock valued at $45,413,000 after acquiring an additional 23,206 shares during the last quarter.
John Hancock Multifactor Mid Cap ETF Stock Up 0.4%
JHMM stock traded up $0.28 during midday trading on Friday, reaching $72.55. The company’s stock had a trading volume of 181,625 shares, compared to its average volume of 231,777. The business’s 50-day simple moving average is $74.64 and its 200-day simple moving average is $72.57. John Hancock Multifactor Mid Cap ETF has a 52 week low of $61.95 and a 52 week high of $77.45. The stock has a market cap of $5.95 billion, a PE ratio of 19.18 and a beta of 0.98.
About John Hancock Multifactor Mid Cap ETF
The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.
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