Short Interest in Harbor Health Care ETF (NYSEARCA:MEDI) Decreases By 18.4%

Harbor Health Care ETF (NYSEARCA:MEDI) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,855 shares, a decrease of 18.4% from the March 31st total of 2,274 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Harbor Health Care ETF Stock Performance

Shares of NYSEARCA MEDI traded down $0.05 during midday trading on Friday, hitting $29.78. The company’s stock had a trading volume of 7,571 shares, compared to its average volume of 6,947. Harbor Health Care ETF has a 1-year low of $23.43 and a 1-year high of $33.08. The firm’s fifty day moving average price is $30.03 and its 200-day moving average price is $30.79. The firm has a market cap of $27.70 million, a P/E ratio of 35.66 and a beta of 0.69.

Hedge Funds Weigh In On Harbor Health Care ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of Harbor Health Care ETF during the 1st quarter worth approximately $220,000. Susquehanna International Group LLP bought a new position in Harbor Health Care ETF during the 3rd quarter worth $263,000. Citadel Advisors LLC bought a new position in Harbor Health Care ETF during the 3rd quarter worth $462,000. Synovus Financial Corp acquired a new stake in Harbor Health Care ETF in the third quarter worth $1,258,000. Finally, Commonwealth Equity Services LLC increased its position in Harbor Health Care ETF by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after buying an additional 7,099 shares during the period.

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.