Short Interest in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Grows By 59.5%

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 433,178 shares, a growth of 59.5% from the January 15th total of 271,569 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average trading volume of 534,562 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 534,562 shares, the short-interest ratio is presently 0.8 days. Currently, 2.7% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

A number of large investors have recently modified their holdings of the company. City State Bank increased its stake in iShares U.S. Healthcare Providers ETF by 47.1% during the 3rd quarter. City State Bank now owns 625 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 132.1% during the second quarter. Bank of Montreal Can now owns 615 shares of the company’s stock valued at $30,000 after buying an additional 350 shares during the last quarter. US Bancorp DE increased its position in shares of iShares U.S. Healthcare Providers ETF by 18.8% during the third quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $109,000 after acquiring an additional 350 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of iShares U.S. Healthcare Providers ETF by 145.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 363 shares in the last quarter. Finally, Purkiss Capital Advisors LLC raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 7.6% in the 2nd quarter. Purkiss Capital Advisors LLC now owns 5,307 shares of the company’s stock worth $258,000 after acquiring an additional 373 shares during the last quarter.

iShares U.S. Healthcare Providers ETF Stock Up 1.7%

Shares of NYSEARCA IHF traded up $0.76 during trading hours on Friday, hitting $46.29. The company had a trading volume of 286,191 shares, compared to its average volume of 362,353. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.57 and a 1-year high of $54.93. The stock has a market capitalization of $747.58 million, a P/E ratio of 15.41 and a beta of 0.70. The firm’s 50 day moving average is $47.78 and its 200-day moving average is $47.78.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.