Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,731 shares, a drop of 58.1% from the April 30th total of 13,670 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 4,593 shares, the days-to-cover ratio is currently 1.2 days.
Hedge Funds Weigh In On Harbor Health Care ETF
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its position 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 acquiring an additional 5,160 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Harbor Health Care ETF during the third quarter valued at about $1,258,000. Citadel Advisors LLC acquired a new stake in shares of Harbor Health Care ETF during the third quarter valued at about $462,000. Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF during the third quarter valued at about $263,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Harbor Health Care ETF during the first quarter valued at about $220,000.
Harbor Health Care ETF Price Performance
NYSEARCA:MEDI remained flat at $30.25 during trading hours on Tuesday. 19,120 shares of the company’s stock traded hands, compared to its average volume of 9,030. The stock has a market cap of $28.13 million, a PE ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a 12 month low of $25.36 and a 12 month high of $33.08. The company’s 50-day moving average is $29.93 and its 200 day moving average is $30.89.
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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