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

Harbor Health Care ETF (NYSEARCA:MEDIGet Free Report) was the target of a large growth in short interest in the month of 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. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 32,484 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Harbor Health Care ETF

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in shares of Harbor Health Care ETF by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock valued at $6,702,000 after acquiring an additional 5,160 shares during the period. Synovus Financial Corp acquired a new position in shares of Harbor Health Care ETF in the 3rd quarter valued at $1,258,000. Citadel Advisors LLC acquired a new position in shares of Harbor Health Care ETF in the 3rd quarter valued at $462,000. Susquehanna International Group LLP acquired a new position in shares of Harbor Health Care ETF in the 3rd quarter valued at $263,000. Finally, Private Advisor Group LLC acquired a new position in shares of Harbor Health Care ETF in the 1st quarter valued at $220,000.

Harbor Health Care ETF Price Performance

Shares of Harbor Health Care ETF stock opened at $31.04 on Friday. The firm’s fifty day simple moving average is $30.28 and its 200-day simple moving average is $30.85. The stock has a market capitalization of $28.87 million, a price-to-earnings ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a 12 month low of $25.72 and a 12 month high of $33.08.

Harbor Health Care ETF Company Profile

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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.

Further Reading

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