VanEck Biotech ETF (NASDAQ:BBH – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 21,252 shares, a decrease of 33.8% from the August 15th total of 32,083 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 10,054 shares, the short-interest ratio is presently 2.1 days.
VanEck Biotech ETF Stock Down 1.1%
NASDAQ:BBH opened at $234.14 on Friday. The company has a 50-day moving average of $222.48 and a 200 day moving average of $201.22. VanEck Biotech ETF has a 1-year low of $160.91 and a 1-year high of $244.35.
Insider Transactions at VanEck Biotech ETF
In related news, major shareholder Sardar Biglari sold 6,533 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $16.71, for a total value of $109,166.43. Following the transaction, the insider owned 3,552,710 shares of the company’s stock, valued at $59,365,784.10. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 10,493 shares of company stock valued at $175,335 over the last quarter.
Hedge Funds Weigh In On VanEck Biotech ETF
About VanEck Biotech ETF
The BIOTECH HOLDING COMPANY DEPOSITARY RECEIPTS or HOLDRS TRUST was formed under the depositary trust agreement, among The Bank of New York, as trustee, Merrill Lynch, Pierce, Fenner & Smith Incorporated, other depositors and the owners of the Biotech HOLDRS. The trust currently holds shares of common stock or American depositary shares issued by a group of companies that were, at the time of the initial offering, generally considered to be involved in various segments of thebiotechnology industry.
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