Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 11,253 shares, a growth of 67.6% from the July 15th total of 6,715 shares. Based on an average daily volume of 3,346 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.9% of the shares of the company are sold short.
Harbor Health Care ETF Trading Up 0.8%
NYSEARCA MEDI traded up $0.26 during trading on Monday, reaching $34.06. The company’s stock had a trading volume of 3,774 shares, compared to its average volume of 7,626. The firm has a 50 day moving average price of $32.96 and a 200 day moving average price of $31.28. Harbor Health Care ETF has a 12 month low of $27.10 and a 12 month high of $34.97. The firm has a market capitalization of $43.26 million, a price-to-earnings ratio of 35.66 and a beta of 0.66.
Institutional Investors Weigh In On Harbor Health Care ETF
Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in Harbor Health Care ETF in the 1st quarter valued at $220,000. Susquehanna International Group LLP bought a new position in shares of Harbor Health Care ETF in the third quarter worth $263,000. Citadel Advisors LLC acquired a new position in Harbor Health Care ETF in the third quarter valued at about $462,000. Finally, Commonwealth Equity Services LLC raised its stake in Harbor Health Care ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock valued at $6,702,000 after purchasing an additional 5,160 shares in the last quarter.
About Harbor Health Care ETF
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.
Further Reading
- Five stocks we like better than Harbor Health Care ETF
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Harbor Health Care ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harbor Health Care ETF and related companies with MarketBeat.com's FREE daily email newsletter.
