iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Significant Decline in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 39,721 shares, a decrease of 50.1% from the August 15th total of 79,533 shares. Based on an average daily trading volume, of 264,904 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

iShares Global Healthcare ETF Stock Down 0.1%

Shares of IXJ traded down $0.11 during midday trading on Wednesday, reaching $102.05. 154,481 shares of the stock were exchanged, compared to its average volume of 270,869. iShares Global Healthcare ETF has a twelve month low of $85.36 and a twelve month high of $107.68. The company has a market cap of $4.17 billion, a P/E ratio of 21.58 and a beta of 0.56. The stock’s 50 day simple moving average is $102.25 and its 200 day simple moving average is $97.42.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds have recently bought and sold shares of the business. RMG Wealth Management LLC bought a new position in shares of iShares Global Healthcare ETF during the first quarter worth approximately $47,000. Titan Wealth CI Ltd bought a new stake in shares of iShares Global Healthcare ETF in the fourth quarter valued at approximately $92,000. IMA Advisory Services Inc. bought a new stake in shares of iShares Global Healthcare ETF in the fourth quarter valued at approximately $110,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in iShares Global Healthcare ETF during the fourth quarter worth approximately $112,000. Finally, Allworth Financial LP grew its position in iShares Global Healthcare ETF by 16.4% during the fourth quarter. Allworth Financial LP now owns 1,431 shares of the company’s stock worth $139,000 after buying an additional 202 shares in the last quarter.

iShares Global Healthcare ETF Company Profile

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.