Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 11,253 shares, a growth of 67.6% from the July 15th total of 6,715 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 3,346 shares, the short-interest ratio is presently 3.4 days.
Institutional Investors Weigh In On Harbor Health Care ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Harbor Health Care ETF during the 3rd quarter valued at about $462,000. Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF in the third quarter valued at approximately $263,000. Private Advisor Group LLC acquired a new stake in shares of Harbor Health Care ETF in the first quarter valued at approximately $220,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Harbor Health Care ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock valued at $6,702,000 after buying an additional 5,160 shares during the last quarter.
Harbor Health Care ETF Trading Up 1.3%
NYSEARCA:MEDI opened at $34.50 on Wednesday. The firm’s fifty day simple moving average is $33.11 and its 200 day simple moving average is $31.32. Harbor Health Care ETF has a twelve month low of $27.10 and a twelve month high of $34.97. The firm has a market capitalization of $43.81 million, a price-to-earnings ratio of 35.66 and a beta of 0.66.
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.
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