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

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 4,593 shares, the days-to-cover ratio is presently 1.2 days.

Harbor Health Care ETF Stock Performance

NYSEARCA MEDI traded down $0.51 during trading hours on Friday, hitting $30.93. 8,598 shares of the company’s stock were exchanged, compared to its average volume of 8,932. The business’s 50 day moving average is $29.91 and its 200-day moving average is $30.90. Harbor Health Care ETF has a 12-month low of $24.53 and a 12-month high of $33.08. The firm has a market capitalization of $28.76 million, a P/E ratio of 35.66 and a beta of 0.69.

Institutional Investors Weigh In On Harbor Health Care ETF

Institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp acquired a new position in Harbor Health Care ETF during the third quarter worth approximately $1,258,000. Citadel Advisors LLC acquired a new position in shares of Harbor Health Care ETF in the 3rd quarter valued at $462,000. Susquehanna International Group LLP purchased a new stake in shares of Harbor Health Care ETF during the 3rd quarter valued at $263,000. Private Advisor Group LLC purchased a new stake in shares of Harbor Health Care ETF during the 1st quarter valued at $220,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of 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 buying an additional 5,160 shares during the last quarter.

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.