iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Down 53.9% in March

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 442,794 shares, a decrease of 53.9% from the March 15th total of 960,356 shares. Based on an average trading volume of 339,784 shares, the short-interest ratio is currently 1.3 days. Approximately 2.7% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IHF. NewEdge Advisors LLC raised its holdings in iShares U.S. Healthcare Providers ETF by 7.1% during the first quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock worth $556,000 after purchasing an additional 700 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares U.S. Healthcare Providers ETF by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock worth $6,576,000 after purchasing an additional 7,393 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares U.S. Healthcare Providers ETF by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 39,796 shares of the company’s stock worth $1,936,000 after purchasing an additional 1,887 shares during the last quarter. Cerity Partners LLC raised its holdings in iShares U.S. Healthcare Providers ETF by 4.8% during the second quarter. Cerity Partners LLC now owns 13,699 shares of the company’s stock worth $666,000 after purchasing an additional 632 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in iShares U.S. Healthcare Providers ETF by 27.9% during the second quarter. Raymond James Financial Inc. now owns 55,731 shares of the company’s stock worth $2,711,000 after purchasing an additional 12,174 shares during the last quarter.

iShares U.S. Healthcare Providers ETF Stock Up 0.1%

IHF stock traded up $0.06 on Tuesday, reaching $44.72. 840,092 shares of the company’s stock were exchanged, compared to its average volume of 358,994. The stock has a fifty day moving average of $44.29 and a 200-day moving average of $47.24. iShares U.S. Healthcare Providers ETF has a twelve month low of $40.57 and a twelve month high of $54.58. The firm has a market cap of $731.17 million, a PE ratio of 15.41 and a beta of 0.67.

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.