Short Interest in Harbor Health Care ETF (NYSEARCA:MEDI) Decreases By 58.1%

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 5,731 shares, a decrease of 58.1% from the April 30th total of 13,670 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 4,593 shares, the short-interest ratio is currently 1.2 days.

Harbor Health Care ETF Stock Down 2.2%

MEDI traded down $0.68 during trading on Tuesday, reaching $30.25. 19,120 shares of the company were exchanged, compared to its average volume of 9,030. The company’s 50-day moving average is $29.93 and its two-hundred day moving average is $30.89. Harbor Health Care ETF has a 12-month low of $25.36 and a 12-month high of $33.08. The company has a market cap of $28.13 million, a price-to-earnings ratio of 35.66 and a beta of 0.69.

Hedge Funds Weigh In On Harbor Health Care ETF

Several institutional investors have recently modified their holdings of the company. Synovus Financial Corp bought a new position in Harbor Health Care ETF during the 3rd quarter worth approximately $1,258,000. Citadel Advisors LLC bought a new position in Harbor Health Care ETF during the 3rd quarter worth approximately $462,000. Susquehanna International Group LLP bought a new position in Harbor Health Care ETF during the 3rd quarter worth approximately $263,000. Commonwealth Equity Services LLC grew its position in Harbor Health Care ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after acquiring an additional 5,160 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Harbor Health Care ETF during the 1st quarter worth approximately $220,000.

Harbor Health Care ETF Company Profile

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.