iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Up 135.6% in July

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 231,960 shares, a growth of 135.6% from the July 15th total of 98,472 shares. Based on an average daily trading volume, of 151,356 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the shares of the company are sold short.

iShares Global Healthcare ETF Price Performance

Shares of NYSEARCA IXJ traded down $0.66 during trading hours on Friday, hitting $102.41. 71,075 shares of the stock were exchanged, compared to its average volume of 273,934. iShares Global Healthcare ETF has a one year low of $85.36 and a one year high of $104.28. The company’s 50 day moving average is $98.88 and its 200 day moving average is $96.74. The firm has a market capitalization of $4.18 billion, a P/E ratio of 21.58 and a beta of 0.56.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fosun International Ltd acquired a new stake in iShares Global Healthcare ETF in the 4th quarter worth $630,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Global Healthcare ETF by 32.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,388 shares of the company’s stock valued at $2,278,000 after buying an additional 5,666 shares during the period. Phoenix Financial Ltd. grew its position in iShares Global Healthcare ETF by 77.2% during the fourth quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after buying an additional 925,500 shares in the last quarter. Hamilton Wealth LLC grew its position in iShares Global Healthcare ETF by 93.4% during the fourth quarter. Hamilton Wealth LLC now owns 95,799 shares of the company’s stock worth $9,331,000 after buying an additional 46,269 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in iShares Global Healthcare ETF during the first quarter valued at about $732,000.

About iShares Global Healthcare ETF

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.