Harbor Health Care ETF (NYSEARCA:MEDI) Sees Significant Growth in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 13,874 shares, a growth of 142.1% from the May 14th total of 5,731 shares. Based on an average daily volume of 32,484 shares, the short-interest ratio is presently 0.4 days. Currently, 1.5% of the shares of the stock are sold short.

Harbor Health Care ETF Trading Down 0.6%

NYSEARCA:MEDI traded down $0.18 during mid-day trading on Friday, hitting $31.04. The company’s stock had a trading volume of 5,149 shares, compared to its average volume of 9,035. Harbor Health Care ETF has a fifty-two week low of $25.72 and a fifty-two week high of $33.08. The company has a market capitalization of $28.87 million, a price-to-earnings ratio of 35.66 and a beta of 0.69. The stock has a fifty day moving average of $30.28 and a 200-day moving average of $30.85.

Institutional Trading of Harbor Health Care ETF

Several large investors have recently added to or reduced their stakes in MEDI. Private Advisor Group LLC bought a new stake in Harbor Health Care ETF during the first quarter worth about $220,000. Susquehanna International Group LLP bought a new stake in Harbor Health Care ETF during the third quarter worth about $263,000. Citadel Advisors LLC bought a new stake in Harbor Health Care ETF during the third quarter worth about $462,000. Synovus Financial Corp bought a new stake in Harbor Health Care ETF during the third quarter worth about $1,258,000. Finally, Commonwealth Equity Services LLC grew its stake in Harbor Health Care ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after buying an additional 5,160 shares during the last quarter.

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.