iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Update
by Sarita Garza · The Markets DailyiShares U.S. Healthcare Providers ETF (NYSEARCA:IHF – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 239,200 shares, a decrease of 37.4% from the December 15th total of 382,043 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 278,339 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 278,339 shares, the short-interest ratio is currently 0.9 days. Currently, 1.5% of the company’s stock are short sold.
Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF
A number of institutional investors have recently made changes to their positions in IHF. Creative Planning grew its position in shares of iShares U.S. Healthcare Providers ETF by 4.9% during the second quarter. Creative Planning now owns 35,559 shares of the company’s stock worth $1,730,000 after acquiring an additional 1,670 shares during the last quarter. Truist Financial Corp boosted its stake in iShares U.S. Healthcare Providers ETF by 1.5% during the 2nd quarter. Truist Financial Corp now owns 36,013 shares of the company’s stock valued at $1,752,000 after purchasing an additional 541 shares during the period. Cetera Investment Advisers grew its position in iShares U.S. Healthcare Providers ETF by 2.6% in the 2nd quarter. Cetera Investment Advisers now owns 128,741 shares of the company’s stock worth $6,263,000 after purchasing an additional 3,267 shares during the last quarter. AlphaCore Capital LLC bought a new position in iShares U.S. Healthcare Providers ETF in the 2nd quarter worth about $195,000. Finally, Voya Financial Advisors Inc. acquired a new stake in shares of iShares U.S. Healthcare Providers ETF in the third quarter valued at approximately $516,000.
iShares U.S. Healthcare Providers ETF Stock Performance
Shares of NYSEARCA IHF traded down $0.91 during midday trading on Friday, reaching $48.91. 425,604 shares of the company’s stock were exchanged, compared to its average volume of 313,136. iShares U.S. Healthcare Providers ETF has a 52-week low of $40.57 and a 52-week high of $54.93. The business’s fifty day moving average price is $48.46 and its two-hundred day moving average price is $47.52. The stock has a market capitalization of $755.66 million, a PE ratio of 15.41 and a beta of 0.70.
iShares U.S. Healthcare Providers ETF Company Profile
The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.