iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Increase in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 104,449 shares, a growth of 163.0% from the August 31st total of 39,721 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 241,682 shares, the days-to-cover ratio is presently 0.4 days.

iShares Global Healthcare ETF Stock Up 0.5%

NYSEARCA:IXJ opened at $103.88 on Friday. The stock has a market cap of $4.38 billion, a P/E ratio of 21.58 and a beta of 0.56. The business’s 50-day moving average price is $102.84 and its two-hundred day moving average price is $97.63. iShares Global Healthcare ETF has a twelve month low of $85.81 and a twelve month high of $107.68.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in iShares Global Healthcare ETF by 9.9% during the second quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock valued at $165,000 after purchasing an additional 151 shares during the last quarter. Ipsen Advisor Group LLC grew its position in iShares Global Healthcare ETF by 1.4% in the fourth quarter. Ipsen Advisor Group LLC now owns 12,639 shares of the company’s stock worth $1,231,000 after acquiring an additional 174 shares in the last quarter. Front Row Advisors LLC grew its position in iShares Global Healthcare ETF by 8.0% in the first quarter. Front Row Advisors LLC now owns 2,699 shares of the company’s stock worth $252,000 after acquiring an additional 200 shares in the last quarter. Rathbones Group PLC increased its stake in iShares Global Healthcare ETF by 1.1% in the first quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock valued at $2,408,000 after acquiring an additional 280 shares during the last quarter. Finally, J. R. Prunier Capital Management LLC increased its stake in iShares Global Healthcare ETF by 7.3% in the first quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock valued at $433,000 after acquiring an additional 314 shares during the last quarter.

About iShares Global Healthcare ETF

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.