Short Interest in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Declines By 25.4%

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 323,006 shares, a decline of 25.4% from the January 29th total of 433,178 shares. Based on an average trading volume of 250,709 shares, the short-interest ratio is presently 1.3 days. Approximately 2.0% of the company’s shares are short sold. Approximately 2.0% of the company’s shares are short sold. Based on an average trading volume of 250,709 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of hedge funds have recently made changes to their positions in IHF. Sather Financial Group Inc purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth about $42,377,000. BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter valued at approximately $24,695,000. Element Pointe Advisors LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the 3rd quarter valued at approximately $15,602,000. Quadrature Capital Ltd acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $13,105,000. Finally, Private Advisory Group LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $7,245,000.

iShares U.S. Healthcare Providers ETF Stock Up 0.8%

Shares of NYSEARCA IHF traded up $0.38 during midday trading on Wednesday, hitting $45.87. The stock had a trading volume of 176,696 shares, compared to its average volume of 312,538. The company has a fifty day moving average price of $47.18 and a 200 day moving average price of $48.12. The company has a market capitalization of $740.80 million, a price-to-earnings ratio of 15.41 and a beta of 0.70. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.57 and a 1-year high of $54.93.

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.