iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Increase in Short Interest

by · The Cerbat Gem

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 382,043 shares, an increase of 168.0% from the November 30th total of 142,561 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 208,220 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 208,220 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.4% of the company’s stock are sold short.

iShares U.S. Healthcare Providers ETF Price Performance

NYSEARCA IHF traded up $0.35 on Friday, reaching $48.32. The company had a trading volume of 179,385 shares, compared to its average volume of 279,005. iShares U.S. Healthcare Providers ETF has a 1 year low of $40.57 and a 1 year high of $54.93. The firm has a 50-day moving average of $48.72 and a 200-day moving average of $47.39. The firm has a market capitalization of $770.70 million, a PE ratio of 15.41 and a beta of 0.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in iShares U.S. Healthcare Providers ETF during the 2nd quarter worth $26,000. Bank of Montreal Can grew its stake in shares of iShares U.S. Healthcare Providers ETF by 132.1% during the second quarter. Bank of Montreal Can now owns 615 shares of the company’s stock valued at $30,000 after acquiring an additional 350 shares in the last quarter. City State Bank lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 47.1% in the third quarter. City State Bank now owns 625 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Brentview Investment Management LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the third quarter worth about $49,000. Finally, WFA of San Diego LLC purchased a new position in iShares U.S. Healthcare Providers ETF in the second quarter valued at about $49,000.

iShares U.S. Healthcare Providers ETF Company Profile

(Get Free Report)

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.

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