Short Interest in iShares Global Healthcare ETF (NYSEARCA:IXJ) Expands By 181.9%

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 148,762 shares, a growth of 181.9% from the May 31st total of 52,767 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 209,430 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in shares of iShares Global Healthcare ETF by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock valued at $782,375,000 after buying an additional 592,677 shares during the period. Bank of America Corp DE boosted its holdings in iShares Global Healthcare ETF by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after acquiring an additional 150,774 shares during the period. Phoenix Financial Ltd. grew its position in iShares Global Healthcare ETF by 77.2% in the fourth quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock valued at $206,954,000 after acquiring an additional 925,500 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Global Healthcare ETF by 5,522.5% in the second quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock valued at $78,789,000 after acquiring an additional 898,892 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of iShares Global Healthcare ETF by 0.5% during the fourth quarter. UBS Group AG now owns 267,520 shares of the company’s stock valued at $26,056,000 after purchasing an additional 1,321 shares during the period.

iShares Global Healthcare ETF Stock Performance

iShares Global Healthcare ETF stock traded up $0.61 during trading on Monday, reaching $99.50. 2,472,784 shares of the company’s stock were exchanged, compared to its average volume of 303,751. iShares Global Healthcare ETF has a 52-week low of $82.16 and a 52-week high of $101.78. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 21.58 and a beta of 0.58. The company’s 50-day moving average is $93.84 and its two-hundred day moving average is $96.17.

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.