iShares U.S. Healthcare ETF (NYSEARCA:IYH) Shares Shorted: Short Interest Up 111.4% in September

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 986,803 shares, an increase of 111.4% from the September 15th total of 466,735 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 666,284 shares, the days-to-cover ratio is currently 1.5 days.

iShares U.S. Healthcare ETF Stock Up 2.3%

Shares of IYH stock traded up $1.67 during trading hours on Wednesday, reaching $73.16. The company’s stock had a trading volume of 729,353 shares, compared to its average volume of 793,098. iShares U.S. Healthcare ETF has a fifty-two week low of $59.59 and a fifty-two week high of $74.59. The firm’s 50 day simple moving average is $71.71 and its 200-day simple moving average is $66.82. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 21.05 and a beta of 0.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IYH. First Citizens Bank & Trust Co. bought a new stake in iShares U.S. Healthcare ETF during the third quarter valued at $657,000. Forvis Mazars Wealth Advisors LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth about $394,000. Sax Wealth Advisors LLC grew its stake in shares of iShares U.S. Healthcare ETF by 4.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,804 shares of the company’s stock valued at $487,000 after buying an additional 307 shares during the period. Atlas Brown Inc. acquired a new position in iShares U.S. Healthcare ETF during the 3rd quarter worth approximately $268,000. Finally, Castle Rock Wealth Management LLC bought a new position in shares of iShares U.S. Healthcare ETF in the 3rd quarter worth $2,422,000.

iShares U.S. Healthcare ETF Company Profile

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.