Harbor Health Care ETF (NYSEARCA:MEDI) Sees Significant Growth in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 13,670 shares, a growth of 636.9% from the April 15th total of 1,855 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 7,755 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Harbor Health Care ETF

A number of large investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in shares of Harbor Health Care ETF during the first quarter valued at about $220,000. Susquehanna International Group LLP bought a new position in shares of Harbor Health Care ETF during the third quarter valued at about $263,000. Citadel Advisors LLC bought a new position in shares of Harbor Health Care ETF during the third quarter valued at about $462,000. Synovus Financial Corp bought a new position in shares of Harbor Health Care ETF during the third quarter valued at about $1,258,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Harbor Health Care ETF by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock valued at $5,940,000 after acquiring an additional 7,099 shares during the last quarter.

Harbor Health Care ETF Price Performance

Harbor Health Care ETF stock traded up $0.63 during trading hours on Tuesday, reaching $30.29. The company had a trading volume of 3,455 shares, compared to its average volume of 6,825. The company has a 50-day moving average price of $29.91 and a 200 day moving average price of $30.83. The firm has a market cap of $28.17 million, a price-to-earnings ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a 12-month low of $23.43 and a 12-month high of $33.08.

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.