Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,253 shares, an increase of 67.6% from the July 15th total of 6,715 shares. Based on an average trading volume of 3,346 shares, the short-interest ratio is currently 3.4 days. Currently, 0.9% of the shares of the stock are short sold.
Institutional Investors Weigh In On Harbor Health Care ETF
A number of large investors have recently modified their holdings of MEDI. Private Advisor Group LLC bought a new position in shares of Harbor Health Care ETF in the 1st quarter valued at $220,000. Susquehanna International Group LLP acquired a new position in shares of Harbor Health Care ETF during the 3rd quarter worth $263,000. Citadel Advisors LLC bought a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth $462,000. Finally, Commonwealth Equity Services LLC lifted its position 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 buying an additional 5,160 shares during the last quarter.
Harbor Health Care ETF Stock Performance
Shares of NYSEARCA MEDI traded up $0.26 during trading hours on Monday, hitting $34.06. 3,774 shares of the stock were exchanged, compared to its average volume of 7,626. The company has a market cap of $43.26 million, a PE ratio of 35.66 and a beta of 0.66. The company’s fifty day simple moving average is $32.96 and its two-hundred day simple moving average is $31.28. Harbor Health Care ETF has a 1-year low of $27.10 and a 1-year high of $34.97.
About Harbor Health Care ETF
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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