John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Large Decrease in Short Interest

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 69,023 shares, a decline of 60.6% from the September 15th total of 175,353 shares. Based on an average daily volume of 224,478 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Security National Bank of Sioux City Iowa IA purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the second quarter worth $35,000. Pittenger & Anderson Inc. purchased a new position in John Hancock Multifactor Mid Cap ETF during the 1st quarter valued at about $34,000. SouthState Bank Corp purchased a new stake in John Hancock Multifactor Mid Cap ETF in the 1st quarter worth approximately $38,000. Monetary Solutions Ltd purchased a new position in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter valued at approximately $41,000. Finally, Ascentis Independent Advisors purchased a new position in shares of John Hancock Multifactor Mid Cap ETF during the first quarter valued at approximately $56,000.

John Hancock Multifactor Mid Cap ETF Stock Down 1.3%

NYSEARCA JHMM opened at $72.00 on Thursday. The business has a 50 day moving average price of $74.18 and a 200-day moving average price of $73.10. John Hancock Multifactor Mid Cap ETF has a 52 week low of $61.95 and a 52 week high of $77.45. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99.

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.