Short Interest in iShares Global Healthcare ETF (NYSEARCA:IXJ) Drops By 65.7%

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 79,533 shares, a drop of 65.7% from the July 30th total of 231,960 shares. Based on an average trading volume of 121,254 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of institutional investors have recently added to or reduced their stakes in IXJ. Integrated Wealth Concepts LLC grew its stake in iShares Global Healthcare ETF by 1.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock valued at $572,000 after purchasing an additional 99 shares during the period. Farther Finance Advisors LLC increased its holdings in iShares Global Healthcare ETF by 35.6% during the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after buying an additional 127 shares during the last quarter. Captrust Financial Advisors raised its position in iShares Global Healthcare ETF by 1.0% in the second quarter. Captrust Financial Advisors now owns 12,948 shares of the company’s stock worth $1,115,000 after acquiring an additional 129 shares during the period. Advisory Services Network LLC raised its position in iShares Global Healthcare ETF by 1.6% in the third quarter. Advisory Services Network LLC now owns 8,900 shares of the company’s stock worth $789,000 after acquiring an additional 144 shares during the period. Finally, Franklin Resources Inc. boosted its stake in iShares Global Healthcare ETF by 80.0% in the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares during the last quarter.

iShares Global Healthcare ETF Stock Down 0.4%

Shares of IXJ opened at $104.77 on Friday. The business has a 50-day simple moving average of $101.04 and a two-hundred day simple moving average of $97.20. iShares Global Healthcare ETF has a 12-month low of $85.36 and a 12-month high of $107.68. The stock has a market cap of $4.28 billion, a PE ratio of 21.58 and a beta of 0.56.

About iShares Global Healthcare ETF

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.