iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Down 84.0% in April

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 34,604 shares, a decrease of 84.0% from the April 15th total of 215,985 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 117,411 shares, the short-interest ratio is presently 0.3 days.

iShares Global Healthcare ETF Price Performance

Shares of iShares Global Healthcare ETF stock traded up $1.44 during trading on Tuesday, hitting $92.70. The stock had a trading volume of 130,228 shares, compared to its average volume of 299,812. The firm has a market cap of $3.61 billion, a P/E ratio of 21.58 and a beta of 0.58. The business has a fifty day moving average of $94.23 and a two-hundred day moving average of $96.29. iShares Global Healthcare ETF has a fifty-two week low of $81.85 and a fifty-two week high of $101.78.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several hedge funds have recently modified their holdings of the stock. LOM Asset Management Ltd purchased a new stake in iShares Global Healthcare ETF in the 3rd quarter worth about $26,000. Nvest Wealth Strategies Inc. purchased a new stake in iShares Global Healthcare ETF in the 4th quarter worth about $30,000. Franklin Resources Inc. increased its position in iShares Global Healthcare ETF by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Arax Advisory Partners acquired a new position in iShares Global Healthcare ETF in the 4th quarter worth about $31,000. Finally, Strengthening Families & Communities LLC acquired a new position in iShares Global Healthcare ETF in the 3rd quarter worth about $40,000.

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.