iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Up 173.5% in March

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 960,356 shares, a growth of 173.5% from the February 26th total of 351,160 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average daily trading volume, of 212,747 shares, the days-to-cover ratio is presently 4.5 days. Based on an average daily trading volume, of 212,747 shares, the days-to-cover ratio is presently 4.5 days. Currently, 5.9% of the company’s stock are short sold.

iShares U.S. Healthcare Providers ETF Stock Up 0.1%

iShares U.S. Healthcare Providers ETF stock traded up $0.03 during midday trading on Wednesday, reaching $42.32. The company’s stock had a trading volume of 382,834 shares, compared to its average volume of 294,053. The company has a market cap of $683.47 million, a P/E ratio of 15.41 and a beta of 0.70. The business has a 50-day simple moving average of $45.72 and a 200-day simple moving average of $47.81. iShares U.S. Healthcare Providers ETF has a fifty-two week low of $40.57 and a fifty-two week high of $54.93.

Institutional Investors Weigh In On iShares U.S. Healthcare Providers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its stake in iShares U.S. Healthcare Providers ETF by 145.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after purchasing an additional 363 shares during the last quarter. City State Bank raised its holdings in iShares U.S. Healthcare Providers ETF by 47.1% during the third quarter. City State Bank now owns 625 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Strive Financial Group LLC acquired a new stake in iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $32,000. Arax Advisory Partners purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $35,000. Finally, WealthShield Partners LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $37,000.

iShares U.S. Healthcare Providers ETF Company Profile

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.