iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Down 81.0% in July

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 98,472 shares, a decline of 81.0% from the June 30th total of 517,581 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 176,308 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of large investors have recently made changes to their positions in IXJ. NewEdge Advisors LLC lifted its position in shares of iShares Global Healthcare ETF by 1,036.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,534 shares of the company’s stock valued at $231,000 after acquiring an additional 2,311 shares in the last quarter. Franklin Resources Inc. grew its position in iShares Global Healthcare ETF by 80.0% during the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in iShares Global Healthcare ETF during the 2nd quarter valued at $285,000. Cerity Partners LLC raised its stake in iShares Global Healthcare ETF by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 5,086 shares of the company’s stock valued at $438,000 after purchasing an additional 172 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of iShares Global Healthcare ETF in the second quarter valued at $957,000.

iShares Global Healthcare ETF Stock Performance

Shares of NYSEARCA IXJ traded up $0.61 during trading on Monday, hitting $100.50. The company had a trading volume of 234,586 shares, compared to its average volume of 288,001. iShares Global Healthcare ETF has a 52 week low of $82.16 and a 52 week high of $102.20. The business’s 50-day moving average is $96.67 and its 200 day moving average is $96.49. The company has a market cap of $4.08 billion, a P/E ratio of 21.58 and a beta of 0.57.

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.