Short Interest in iShares Health Innovation Active ETF (NYSEARCA:BMED) Rises By 570.8%

iShares Health Innovation Active ETF (NYSEARCA:BMED) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,345 shares, a growth of 570.8% from the April 15th total of 1,095 shares. Based on an average daily volume of 3,855 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Health Innovation Active ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares Health Innovation Active ETF (NYSEARCA:BMED) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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

Shares of NYSEARCA BMED traded down $0.04 during midday trading on Thursday, hitting $27.81. 1,309 shares of the company’s stock were exchanged, compared to its average volume of 4,397. iShares Health Innovation Active ETF has a twelve month low of $23.23 and a twelve month high of $32.19. The firm has a market cap of $10.01 million, a P/E ratio of 24.91 and a beta of 0.75. The stock’s 50 day moving average price is $28.75 and its 200-day moving average price is $29.78.

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.