iShares Health Innovation Active ETF (NYSEARCA:BMED) Short Interest Up 98.5% in August

iShares Health Innovation Active ETF (NYSEARCA:BMED) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,275 shares, an increase of 98.5% from the August 15th total of 2,154 shares. Based on an average daily volume of 2,654 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.2% of the company’s stock are short sold.

iShares Health Innovation Active ETF Price Performance

BMED stock traded up $0.12 on Tuesday, reaching $33.33. 437 shares of the company traded hands, compared to its average volume of 3,300. iShares Health Innovation Active ETF has a one year low of $25.79 and a one year high of $34.86. The company has a market cap of $12.00 million, a P/E ratio of 24.91 and a beta of 0.74. The firm has a fifty day simple moving average of $32.29 and a 200-day simple moving average of $30.07.

iShares Health Innovation Active ETF Company Profile

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.