Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,021 shares, a drop of 56.6% from the May 31st total of 13,874 shares. Based on an average trading volume of 9,503 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in Harbor Health Care ETF by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after buying an additional 5,160 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Harbor Health Care ETF in the first quarter valued at about $220,000. Susquehanna International Group LLP purchased a new position in shares of Harbor Health Care ETF in the third quarter valued at about $263,000. Finally, Citadel Advisors LLC bought a new position in shares of Harbor Health Care ETF in the third quarter worth about $462,000.
Harbor Health Care ETF Stock Up 0.0%
NYSEARCA:MEDI traded up $0.01 during trading hours on Tuesday, hitting $33.84. 2,879 shares of the stock traded hands, compared to its average volume of 8,544. The company has a market cap of $31.47 million, a price-to-earnings ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a 1 year low of $25.72 and a 1 year high of $34.03. The stock has a 50 day moving average price of $30.76 and a 200 day moving average price of $30.84.
Harbor Health Care ETF Company Profile
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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