iShares Health Innovation Active ETF (NYSEARCA:BMED) Short Interest Update

iShares Health Innovation Active ETF (NYSEARCA:BMED) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 568 shares, a decrease of 84.6% from the May 14th total of 3,688 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,094 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares Health Innovation Active ETF

A hedge fund recently bought a new stake in iShares Health Innovation Active ETF stock. Sunbelt Securities Inc. bought a new position in shares of iShares Health Innovation Active ETF (NYSEARCA:BMED) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,612 shares of the company’s stock, valued at approximately $352,000. Sunbelt Securities Inc. owned 3.63% of iShares Health Innovation Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

iShares Health Innovation Active ETF Price Performance

NYSEARCA:BMED remained flat at $28.66 during trading hours on Wednesday. The company had a trading volume of 1,239 shares, compared to its average volume of 4,114. The company has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $29.70. The company has a market capitalization of $10.32 million, a PE ratio of 24.91 and a beta of 0.75. iShares Health Innovation Active ETF has a 52-week low of $24.20 and a 52-week high of $32.19.

About iShares Health Innovation Active ETF

The BlackRock Future Health ETF (BMED) is an exchange-traded fund that is based on the MSCI All Country World index. The fund is actively managed to invest in global equities in the health sciences industry. BMED was launched on Sep 29, 2020 and is managed by BlackRock.