Short Interest in iShares Health Innovation Active ETF (NYSEARCA:BMED) Drops By 49.8%

iShares Health Innovation Active ETF (NYSEARCA:BMED) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,688 shares, a decrease of 49.8% from the April 30th total of 7,345 shares. Based on an average trading volume of 2,572 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.0% of the company’s shares are sold short.

iShares Health Innovation Active ETF Trading Down 1.2%

Shares of BMED traded down $0.34 during trading hours on Monday, hitting $28.39. 1,895 shares of the stock traded hands, compared to its average volume of 4,315. iShares Health Innovation Active ETF has a 1-year low of $24.20 and a 1-year high of $32.19. The firm has a market capitalization of $10.22 million, a PE ratio of 24.91 and a beta of 0.75. The business has a fifty day moving average of $28.40 and a 200-day moving average of $29.74.

Hedge Funds Weigh In On iShares Health Innovation Active ETF

An institutional investor recently bought a new position in iShares Health Innovation Active ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares Health Innovation Active ETF (NYSEARCA:BMED) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,612 shares of the company’s stock, valued at approximately $352,000. Sunbelt Securities Inc. owned 3.63% of iShares Health Innovation Active ETF as of its most recent SEC filing.

iShares Health Innovation Active ETF Company Profile

The BlackRock Future Health ETF (BMED) is an exchange-traded fund that is based on the MSCI All Country World index. The fund is actively managed to invest in global equities in the health sciences industry. BMED was launched on Sep 29, 2020 and is managed by BlackRock.