iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Sees Significant Increase in Short Interest

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,285,885 shares, a growth of 142.7% from the November 30th total of 942,044 shares. Based on an average daily trading volume, of 1,215,663 shares, the short-interest ratio is presently 1.9 days. Approximately 3.3% of the shares of the company are short sold. Approximately 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,215,663 shares, the short-interest ratio is presently 1.9 days.

iShares U.S. Medical Devices ETF Trading Up 0.1%

Shares of IHI traded up $0.09 on Friday, reaching $62.82. 743,547 shares of the company’s stock traded hands, compared to its average volume of 947,398. The stock’s 50 day simple moving average is $62.29 and its two-hundred day simple moving average is $61.44. The stock has a market cap of $4.29 billion, a PE ratio of 30.76 and a beta of 0.89. iShares U.S. Medical Devices ETF has a 52-week low of $52.90 and a 52-week high of $65.18.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HB Wealth Management LLC grew its position in iShares U.S. Medical Devices ETF by 1.5% during the third quarter. HB Wealth Management LLC now owns 11,064 shares of the company’s stock valued at $665,000 after buying an additional 162 shares during the period. Salem Investment Counselors Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 5.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 3,353 shares of the company’s stock valued at $201,000 after acquiring an additional 172 shares during the period. Integrated Advisors Network LLC grew its position in shares of iShares U.S. Medical Devices ETF by 0.4% during the 3rd quarter. Integrated Advisors Network LLC now owns 48,878 shares of the company’s stock valued at $2,937,000 after acquiring an additional 175 shares during the period. Russell Investments Group Ltd. increased its stake in shares of iShares U.S. Medical Devices ETF by 15.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock worth $82,000 after purchasing an additional 177 shares during the last quarter. Finally, Finivi Inc. raised its holdings in shares of iShares U.S. Medical Devices ETF by 2.0% in the 3rd quarter. Finivi Inc. now owns 9,389 shares of the company’s stock worth $564,000 after purchasing an additional 184 shares during the period.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.