Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Down 18.4% in April

Harbor Health Care ETF (NYSEARCA:MEDI) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,855 shares, a decline of 18.4% from the March 31st total of 2,274 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Harbor Health Care ETF Stock Performance

Shares of MEDI traded up $1.08 during trading hours on Thursday, hitting $29.83. 21,703 shares of the stock were exchanged, compared to its average volume of 6,939. The stock’s 50-day moving average price is $30.03 and its two-hundred day moving average price is $30.79. Harbor Health Care ETF has a 12-month low of $23.43 and a 12-month high of $33.08. The company has a market cap of $27.74 million, a price-to-earnings ratio of 35.66 and a beta of 0.78.

Institutional Trading of Harbor Health Care ETF

Several large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC acquired a new position in Harbor Health Care ETF in the 1st quarter valued at about $220,000. Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth about $263,000. Citadel Advisors LLC purchased a new stake in Harbor Health Care ETF in the 3rd quarter valued at about $462,000. Synovus Financial Corp purchased a new position in Harbor Health Care ETF during the third quarter worth about $1,258,000. Finally, Commonwealth Equity Services LLC boosted its stake in Harbor Health Care ETF by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after buying an additional 7,099 shares during the period.

Harbor Health Care ETF Company Profile

The Harbor Health Care ETF (MEDI) is an exchange-traded fund that is based on the Russell 3000 Growth Health Care index. The fund seeks long-term capital growth by actively managing a narrow portfolio of stocks engaged in the health care sector globally. MEDI was launched on Nov 16, 2022 and is managed by Harbor.