Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,670 shares, an increase of 636.9% from the April 15th total of 1,855 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,755 shares, the short-interest ratio is currently 1.8 days.
Harbor Health Care ETF Trading Up 1.0%
Shares of MEDI stock traded up $0.30 during trading hours on Wednesday, hitting $30.59. 512 shares of the company were exchanged, compared to its average volume of 6,755. The firm has a fifty day simple moving average of $29.86 and a 200 day simple moving average of $30.84. Harbor Health Care ETF has a 52-week low of $23.43 and a 52-week high of $33.08. The stock has a market capitalization of $28.45 million, a price-to-earnings ratio of 35.66 and a beta of 0.69.
Institutional Investors Weigh In On Harbor Health Care ETF
Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of Harbor Health Care ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after purchasing an additional 5,160 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $1,258,000. Citadel Advisors LLC purchased a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $462,000. Susquehanna International Group LLP purchased a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $263,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Harbor Health Care ETF during the 1st quarter worth approximately $220,000.
Harbor Health Care ETF Company Profile
The Harbor Health Care ETF (MEDI) is an exchange-traded fund that is based on the Russell 3000 Growth Health Care index. The fund seeks long-term capital growth by actively managing a narrow portfolio of stocks engaged in the health care sector globally. MEDI was launched on Nov 16, 2022 and is managed by Harbor.
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