iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Update

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 79,533 shares, a drop of 65.7% from the July 30th total of 231,960 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 121,254 shares, the days-to-cover ratio is currently 0.7 days.

iShares Global Healthcare ETF Stock Performance

NYSEARCA IXJ traded down $0.40 on Friday, reaching $104.77. 38,428 shares of the stock traded hands, compared to its average volume of 273,995. The company has a fifty day moving average price of $101.04 and a 200-day moving average price of $97.20. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56. iShares Global Healthcare ETF has a 12 month low of $85.36 and a 12 month high of $107.68.

Institutional Trading of iShares Global Healthcare ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in iShares Global Healthcare ETF by 80.0% in the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares during the period. Arax Advisory Partners purchased a new position in iShares Global Healthcare ETF during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in iShares Global Healthcare ETF by 35.6% in the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after buying an additional 127 shares in the last quarter. RMG Wealth Management LLC bought a new position in iShares Global Healthcare ETF in the first quarter worth approximately $47,000. Finally, Triumph Capital Management purchased a new stake in iShares Global Healthcare ETF during the third quarter worth $53,000.

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.