Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 6,021 shares, a decline of 56.6% from the May 31st total of 13,874 shares. Based on an average daily volume of 9,503 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are short sold.
Harbor Health Care ETF Price Performance
MEDI stock opened at $33.50 on Monday. The company has a 50-day simple moving average of $30.63 and a 200 day simple moving average of $30.80. The company has a market capitalization of $31.16 million, a P/E ratio of 35.66 and a beta of 0.69. Harbor Health Care ETF has a fifty-two week low of $25.72 and a fifty-two week high of $33.62.
Institutional Trading of Harbor Health Care ETF
A number of institutional investors have recently made changes to their positions in MEDI. Private Advisor Group LLC bought a new position in shares of Harbor Health Care ETF in the first quarter valued at approximately $220,000. Susquehanna International Group LLP acquired a new stake in Harbor Health Care ETF in the third quarter worth approximately $263,000. Citadel Advisors LLC acquired a new stake in Harbor Health Care ETF in the third quarter worth approximately $462,000. Finally, Commonwealth Equity Services LLC boosted its stake in 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 valued at $6,702,000 after purchasing an additional 5,160 shares in the last quarter.
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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