Short Interest in iShares Neuroscience and Healthcare ETF (NYSEARCA:IBRN) Drops By 56.3%

iShares Neuroscience and Healthcare ETF (NYSEARCA:IBRNGet Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,452 shares, a decrease of 56.3% from the July 30th total of 7,895 shares. Based on an average trading volume of 4,508 shares, the short-interest ratio is currently 0.8 days. Currently, 2.3% of the shares of the stock are short sold.

iShares Neuroscience and Healthcare ETF Stock Performance

Shares of NYSEARCA IBRN traded down $1.07 during trading hours on Friday, hitting $39.23. 4,007 shares of the stock were exchanged, compared to its average volume of 2,328. The company has a market cap of $5.88 million, a PE ratio of 15.61 and a beta of 0.75. The company’s fifty day simple moving average is $38.54 and its two-hundred day simple moving average is $35.29. iShares Neuroscience and Healthcare ETF has a 1-year low of $25.00 and a 1-year high of $43.01.

About iShares Neuroscience and Healthcare ETF

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The iShares Neuroscience and Healthcare ETF (IBRN) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market cap-weighted index that provides global equity exposure to companies that are positioned to benefit from neuroscience advancements. The index may hold securities from large- to small-cap. IBRN was launched on Aug 24, 2022 and is managed by BlackRock.

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