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

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 34,604 shares, a decrease of 84.0% from the April 15th total of 215,985 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 117,411 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares Global Healthcare ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IXJ. LOM Asset Management Ltd acquired a new stake in iShares Global Healthcare ETF in the 3rd quarter valued at approximately $26,000. Nvest Wealth Strategies Inc. acquired a new stake in iShares Global Healthcare ETF in the 4th quarter valued at approximately $30,000. Franklin Resources Inc. grew its holdings in iShares Global Healthcare ETF by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after buying an additional 160 shares during the last quarter. Arax Advisory Partners acquired a new stake in iShares Global Healthcare ETF in the 4th quarter valued at approximately $31,000. Finally, Strengthening Families & Communities LLC acquired a new stake in iShares Global Healthcare ETF in the 3rd quarter valued at approximately $40,000.

iShares Global Healthcare ETF Stock Performance

Shares of NYSEARCA IXJ traded up $1.44 during mid-day trading on Tuesday, reaching $92.70. 130,228 shares of the company traded hands, compared to its average volume of 299,812. The stock has a market cap of $3.61 billion, a PE ratio of 21.58 and a beta of 0.58. The company’s fifty day moving average is $94.23 and its two-hundred day moving average is $96.29. iShares Global Healthcare ETF has a fifty-two week low of $81.85 and a fifty-two week high of $101.78.

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.