Short Interest in Harbor Health Care ETF (NYSEARCA:MEDI) Drops By 33.3%

Harbor Health Care ETF (NYSEARCA:MEDIGet Free Report) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 12,911 shares, a decline of 33.3% from the December 15th total of 19,343 shares. Based on an average daily volume of 10,258 shares, the short-interest ratio is currently 1.3 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 10,258 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Harbor Health Care ETF

Several large investors have recently made changes to their positions in MEDI. Commonwealth Equity Services LLC raised its holdings in shares of Harbor Health Care ETF by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after acquiring an additional 7,099 shares during the period. Synovus Financial Corp bought a new position in Harbor Health Care ETF during the 3rd quarter worth about $1,258,000. Citadel Advisors LLC acquired a new stake in shares of Harbor Health Care ETF in the 3rd quarter valued at about $462,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF in the 3rd quarter valued at about $263,000.

Harbor Health Care ETF Stock Down 1.3%

Shares of MEDI traded down $0.40 on Friday, hitting $31.47. The company’s stock had a trading volume of 7,186 shares, compared to its average volume of 10,881. The firm’s fifty day moving average price is $31.65 and its 200-day moving average price is $29.39. Harbor Health Care ETF has a fifty-two week low of $21.86 and a fifty-two week high of $33.08. The firm has a market capitalization of $25.81 million, a price-to-earnings ratio of 35.66 and a beta of 0.75.

Harbor Health Care ETF Company Profile

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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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