Short Interest in iShares Global Healthcare ETF (NYSEARCA:IXJ) Drops By 81.0%

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 98,472 shares, a drop of 81.0% from the June 30th total of 517,581 shares. Based on an average daily volume of 176,308 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

iShares Global Healthcare ETF Stock Performance

Shares of IXJ stock opened at $99.89 on Friday. The stock’s fifty day moving average is $96.51 and its 200-day moving average is $96.49. The stock has a market capitalization of $4.11 billion, a PE ratio of 21.58 and a beta of 0.57. iShares Global Healthcare ETF has a 52 week low of $82.16 and a 52 week high of $102.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IXJ. Integrated Wealth Concepts LLC increased its position in iShares Global Healthcare ETF by 1.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock valued at $572,000 after acquiring an additional 99 shares in the last quarter. LOM Asset Management Ltd lifted its position in shares of iShares Global Healthcare ETF by 37.0% during the fourth quarter. LOM Asset Management Ltd now owns 407 shares of the company’s stock worth $40,000 after purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of iShares Global Healthcare ETF by 35.6% during the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of iShares Global Healthcare ETF by 1.0% during the second quarter. Captrust Financial Advisors now owns 12,948 shares of the company’s stock valued at $1,115,000 after purchasing an additional 129 shares during the last quarter. Finally, Tiller Private Wealth Inc. grew its stake in shares of iShares Global Healthcare ETF by 4.6% during the fourth quarter. Tiller Private Wealth Inc. now owns 2,950 shares of the company’s stock valued at $287,000 after purchasing an additional 130 shares during the last quarter.

iShares Global Healthcare ETF Company Profile

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.