iShares U.S. Healthcare ETF (NYSEARCA:IYH) Short Interest Down 44.0% in September

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 800,300 shares, a decrease of 44.0% from the August 31st total of 1,430,000 shares. Based on an average daily trading volume, of 599,700 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 599,700 shares, the days-to-cover ratio is presently 1.3 days.

iShares U.S. Healthcare ETF Stock Up 1.2%

iShares U.S. Healthcare ETF stock opened at $61.16 on Friday. iShares U.S. Healthcare ETF has a 12 month low of $53.35 and a 12 month high of $65.31. The stock has a market cap of $2.93 billion, a P/E ratio of 21.05 and a beta of 0.71. The company’s fifty day simple moving average is $57.36 and its 200-day simple moving average is $57.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC raised its stake in shares of iShares U.S. Healthcare ETF by 6,342.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,947,096 shares of the company’s stock worth $109,972,000 after purchasing an additional 1,916,872 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares U.S. Healthcare ETF by 4.9% in the 1st quarter. LPL Financial LLC now owns 1,663,845 shares of the company’s stock valued at $101,311,000 after buying an additional 77,068 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares U.S. Healthcare ETF by 13.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,461,787 shares of the company’s stock worth $89,008,000 after buying an additional 167,985 shares during the last quarter. Raymond James Financial Inc. raised its position in iShares U.S. Healthcare ETF by 3.6% during the first quarter. Raymond James Financial Inc. now owns 758,659 shares of the company’s stock valued at $46,195,000 after acquiring an additional 26,270 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in iShares U.S. Healthcare ETF by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock valued at $38,402,000 after acquiring an additional 161,946 shares during the last quarter.

About iShares U.S. Healthcare ETF

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index).