iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Growth in Short Interest

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 826,350 shares, an increase of 199.0% from the August 15th total of 276,402 shares. Based on an average daily trading volume, of 406,980 shares, the short-interest ratio is currently 2.0 days. Currently, 3.7% of the shares of the stock are short sold.

iShares U.S. Healthcare Providers ETF Price Performance

NYSEARCA:IHF traded up $0.99 during trading hours on Monday, reaching $57.62. 594,933 shares of the company were exchanged, compared to its average volume of 461,878. The company has a market capitalization of $1.28 billion, a P/E ratio of 15.41 and a beta of 0.72. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.85 and a 1-year high of $58.30. The business has a 50 day moving average of $56.91 and a 200 day moving average of $51.21.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several large investors have recently modified their holdings of IHF. Tidal Investments LLC bought a new stake in iShares U.S. Healthcare Providers ETF during the second quarter worth about $20,916,000. Integrated Wealth Concepts LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at approximately $1,427,000. TOP Private Wealth LLC. acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at approximately $41,000. Kraft Davis & Associates LLC lifted its holdings in shares of iShares U.S. Healthcare Providers ETF by 50.9% during the 2nd quarter. Kraft Davis & Associates LLC now owns 9,085 shares of the company’s stock worth $520,000 after acquiring an additional 3,065 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter worth approximately $4,628,000.

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.