Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 1,855 shares, a drop of 18.4% from the March 31st total of 2,274 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Trading of Harbor Health Care ETF
Hedge funds have recently bought and sold shares of the company. Synovus Financial Corp acquired a new stake in Harbor Health Care ETF during the third quarter worth approximately $1,258,000. Commonwealth Equity Services LLC boosted its position in Harbor Health Care ETF by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after acquiring an additional 7,099 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Harbor Health Care ETF during the third quarter worth approximately $263,000. Citadel Advisors LLC acquired a new stake in Harbor Health Care ETF during the third quarter worth approximately $462,000. Finally, Private Advisor Group LLC acquired a new stake in Harbor Health Care ETF during the first quarter worth approximately $220,000.
Harbor Health Care ETF Stock Down 0.2%
Shares of MEDI traded down $0.05 during mid-day trading on Friday, reaching $29.78. 7,571 shares of the company’s stock were exchanged, compared to its average volume of 6,947. The company has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $30.79. Harbor Health Care ETF has a 52-week low of $23.43 and a 52-week high of $33.08. The company has a market cap of $27.70 million, a price-to-earnings ratio of 35.66 and a beta of 0.69.
About Harbor Health Care ETF
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.
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