iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Growth in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 148,762 shares, an increase of 181.9% from the May 31st total of 52,767 shares. Based on an average daily trading volume, of 209,430 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

iShares Global Healthcare ETF Trading Up 2.1%

NYSEARCA IXJ traded up $2.03 on Friday, hitting $98.89. 942,272 shares of the company’s stock traded hands, compared to its average volume of 285,816. The firm’s 50-day moving average price is $93.84 and its two-hundred day moving average price is $96.16. The firm has a market capitalization of $3.85 billion, a PE ratio of 21.58 and a beta of 0.58. iShares Global Healthcare ETF has a 1-year low of $82.16 and a 1-year high of $101.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phoenix Financial Ltd. boosted its holdings in iShares Global Healthcare ETF by 77.2% in the fourth quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock valued at $206,954,000 after purchasing an additional 925,500 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Global Healthcare ETF by 5,522.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock valued at $78,789,000 after buying an additional 898,892 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of iShares Global Healthcare ETF by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock valued at $782,375,000 after buying an additional 592,677 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Global Healthcare ETF by 1,206.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 231,450 shares of the company’s stock valued at $22,543,000 after buying an additional 213,728 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of iShares Global Healthcare ETF by 6.3% in the second quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after buying an additional 150,774 shares during the last quarter.

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.