iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Update

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 276,402 shares, a drop of 41.5% from the July 30th total of 472,446 shares. Based on an average daily volume of 535,854 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. TOP Private Wealth LLC. bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter worth $41,000. Kraft Davis & Associates LLC lifted its holdings in shares of iShares U.S. Healthcare Providers ETF by 50.9% during the second quarter. Kraft Davis & Associates LLC now owns 9,085 shares of the company’s stock valued at $520,000 after purchasing an additional 3,065 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the second quarter valued at $4,628,000. Evanson Financial LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at $680,000. Finally, Tlwm acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at $210,000.

iShares U.S. Healthcare Providers ETF Trading Up 0.0%

Shares of NYSEARCA IHF traded up $0.01 during midday trading on Monday, reaching $56.86. The company’s stock had a trading volume of 297,000 shares, compared to its average volume of 447,985. The company has a 50 day moving average price of $56.52 and a 200 day moving average price of $50.41. iShares U.S. Healthcare Providers ETF has a one year low of $40.85 and a one year high of $58.30. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

iShares U.S. Healthcare Providers ETF Company Profile

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.