John Hancock Multifactor Small Cap ETF (NYSEARCA:JHSC – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 8,085 shares, a drop of 82.5% from the July 30th total of 46,282 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 24,582 shares, the days-to-cover ratio is presently 0.3 days.
John Hancock Multifactor Small Cap ETF Stock Down 0.9%
Shares of JHSC traded down $0.44 on Friday, hitting $48.53. The company’s stock had a trading volume of 23,812 shares, compared to its average volume of 42,790. The firm’s fifty day moving average price is $48.61 and its 200-day moving average price is $46.55. John Hancock Multifactor Small Cap ETF has a fifty-two week low of $39.61 and a fifty-two week high of $50.00. The firm has a market capitalization of $730.38 million, a price-to-earnings ratio of 15.76 and a beta of 1.00.
Institutional Investors Weigh In On John Hancock Multifactor Small Cap ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in John Hancock Multifactor Small Cap ETF by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,238,444 shares of the company’s stock worth $96,007,000 after purchasing an additional 98,921 shares during the period. Private Advisor Group LLC boosted its position in John Hancock Multifactor Small Cap ETF by 0.5% during the 4th quarter. Private Advisor Group LLC now owns 865,732 shares of the company’s stock worth $36,352,000 after acquiring an additional 4,247 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of John Hancock Multifactor Small Cap ETF by 170.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 574,595 shares of the company’s stock worth $24,047,000 after acquiring an additional 362,208 shares in the last quarter. LPL Financial LLC raised its holdings in shares of John Hancock Multifactor Small Cap ETF by 1.6% in the fourth quarter. LPL Financial LLC now owns 488,334 shares of the company’s stock valued at $20,505,000 after purchasing an additional 7,828 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of John Hancock Multifactor Small Cap ETF by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 441,706 shares of the company’s stock valued at $18,547,000 after purchasing an additional 2,802 shares during the last quarter.
About John Hancock Multifactor Small Cap ETF
The John Hancock Multifactor Small Cap ETF (JHSC) is an exchange-traded fund that is based on the John Hancock Dimensional Small Cap index. The fund tracks an index of US small-cap stocks selected by relative price and profitability. Securities are weighted by multiple factors relative to their sector peers. JHSC was launched on Nov 8, 2017 and is managed by John Hancock.
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