iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Up 247.9% in June

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 517,581 shares, an increase of 247.9% from the June 15th total of 148,762 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 714,142 shares, the days-to-cover ratio is presently 0.7 days.

iShares Global Healthcare ETF Price Performance

iShares Global Healthcare ETF stock opened at $99.21 on Monday. The firm has a market capitalization of $4.07 billion, a PE ratio of 21.58 and a beta of 0.57. The company’s 50-day moving average is $95.23 and its 200-day moving average is $96.41. iShares Global Healthcare ETF has a fifty-two week low of $82.16 and a fifty-two week high of $102.20.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Balefire LLC acquired a new stake in shares of iShares Global Healthcare ETF in the second quarter valued at approximately $1,680,000. J. R. Prunier Capital Management LLC increased its holdings in shares of iShares Global Healthcare ETF by 7.3% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock worth $433,000 after acquiring an additional 314 shares during the last quarter. Rathbones Group PLC increased its holdings in shares of iShares Global Healthcare ETF by 1.1% during the 1st quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock worth $2,408,000 after acquiring an additional 280 shares during the last quarter. Ipsen Advisor Group LLC increased its holdings in shares of iShares Global Healthcare ETF by 4.6% during the 1st quarter. Ipsen Advisor Group LLC now owns 13,215 shares of the company’s stock worth $1,236,000 after acquiring an additional 576 shares during the last quarter. Finally, Compass Capital Management Inc. bought a new stake in iShares Global Healthcare ETF in the 1st quarter valued at $449,000.

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.