Harbor Health Care ETF (NYSEARCA:MEDI) Shares Shorted: Short Interest Up 64.3% in October

Harbor Health Care ETF (NYSEARCA:MEDI) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,577 shares, an increase of 64.3% from the September 30th total of 5,220 shares. Based on an average daily trading volume, of 3,846 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Harbor Health Care ETF

A number of large investors have recently modified their holdings of MEDI. Private Advisor Group LLC acquired a new position in Harbor Health Care ETF during the 1st quarter worth approximately $220,000. Citadel Advisors LLC grew its position in Harbor Health Care ETF by 16.1% in the second quarter. Citadel Advisors LLC now owns 20,947 shares of the company’s stock valued at $709,000 after acquiring an additional 2,907 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Harbor Health Care ETF during the third quarter valued at approximately $7,048,000.

Harbor Health Care ETF Trading Up 1.3%

Shares of NYSEARCA MEDI opened at $35.42 on Tuesday. Harbor Health Care ETF has a 12-month low of $27.50 and a 12-month high of $35.76. The company has a market cap of $46.04 million, a P/E ratio of 35.66 and a beta of 0.68. The stock has a fifty day moving average price of $33.43 and a 200 day moving average price of $31.94.

About Harbor Health Care ETF

The Harbor Health Care ETF (MEDI) is an exchange-traded fund that is based on the Russell 3000 Growth Health Care index. The fund seeks long-term capital growth by actively managing a narrow portfolio of stocks engaged in the health care sector globally. MEDI was launched on Nov 16, 2022 and is managed by Harbor.