iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Significant Drop in Short Interest

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 323,006 shares, a decline of 25.4% from the January 29th total of 433,178 shares. Based on an average daily volume of 250,709 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.0% of the shares of the stock are sold short. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 250,709 shares, the days-to-cover ratio is currently 1.3 days.

iShares U.S. Healthcare Providers ETF Stock Performance

Shares of NYSEARCA IHF traded up $0.38 during mid-day trading on Wednesday, reaching $45.87. The company’s stock had a trading volume of 176,696 shares, compared to its average volume of 312,538. The stock has a 50-day moving average of $47.18 and a two-hundred day moving average of $48.12. The stock has a market capitalization of $740.80 million, a P/E ratio of 15.41 and a beta of 0.70. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.57 and a 1-year high of $54.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IHF. Sather Financial Group Inc acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the 3rd quarter worth approximately $42,377,000. BNP Paribas Financial Markets purchased a new position in iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $24,695,000. Element Pointe Advisors LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $15,602,000. Quadrature Capital Ltd acquired a new position in iShares U.S. Healthcare Providers ETF during the fourth quarter worth $13,105,000. Finally, Private Advisory Group LLC acquired a new position in iShares U.S. Healthcare Providers ETF during the fourth quarter worth $7,245,000.

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.