Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Down 56.6% in June

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6,021 shares, a decrease of 56.6% from the May 31st total of 13,874 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 9,503 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Harbor Health Care ETF

Several large investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in Harbor Health Care ETF during the third quarter worth approximately $462,000. Susquehanna International Group LLP acquired a new position in Harbor Health Care ETF during the third quarter valued at $263,000. Private Advisor Group LLC purchased a new stake in shares of Harbor Health Care ETF in the first quarter worth approximately $220,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Harbor Health Care ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock valued at $6,702,000 after buying an additional 5,160 shares during the period.

Harbor Health Care ETF Stock Up 0.1%

NYSEARCA MEDI traded up $0.04 during trading hours on Wednesday, hitting $33.88. The company had a trading volume of 2,754 shares, compared to its average volume of 8,496. The firm has a market cap of $31.51 million, a P/E ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a fifty-two week low of $25.72 and a fifty-two week high of $34.03. The business has a fifty day simple moving average of $30.76 and a 200-day simple moving average of $30.84.

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.