iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Up 59.5% in January

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 433,178 shares, a growth of 59.5% from the January 15th total of 271,569 shares. Based on an average daily volume of 534,562 shares, the short-interest ratio is currently 0.8 days. Approximately 2.7% of the company’s shares are short sold. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 534,562 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new stake in iShares U.S. Healthcare Providers ETF in the second quarter valued at approximately $26,000. O Shaughnessy Asset Management LLC increased its stake in shares of iShares U.S. Healthcare Providers ETF by 145.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after buying an additional 363 shares during the period. Bank of Montreal Can raised its holdings in iShares U.S. Healthcare Providers ETF by 132.1% during the 2nd quarter. Bank of Montreal Can now owns 615 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the last quarter. City State Bank boosted its position in iShares U.S. Healthcare Providers ETF by 47.1% during the 3rd quarter. City State Bank now owns 625 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Finally, WealthShield Partners LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the 4th quarter worth $37,000.

iShares U.S. Healthcare Providers ETF Price Performance

iShares U.S. Healthcare Providers ETF stock traded up $0.76 during mid-day trading on Friday, hitting $46.29. The company’s stock had a trading volume of 286,191 shares, compared to its average volume of 362,353. The business has a 50 day moving average price of $47.78 and a 200-day moving average price of $47.78. iShares U.S. Healthcare Providers ETF has a 12 month low of $40.57 and a 12 month high of $54.93. The stock has a market cap of $747.58 million, a price-to-earnings 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.