iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Decline in Short Interest

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 239,200 shares, a decline of 37.4% from the December 15th total of 382,043 shares. Based on an average daily trading volume, of 278,339 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the shares of the company are short sold. Currently, 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 278,339 shares, the days-to-cover ratio is currently 0.9 days.

iShares U.S. Healthcare Providers ETF Stock Performance

Shares of IHF traded down $0.91 during mid-day trading on Friday, hitting $48.91. 425,604 shares of the company traded hands, compared to its average volume of 313,136. The stock has a market cap of $767.89 million, a price-to-earnings ratio of 15.41 and a beta of 0.70. The stock has a 50-day moving average price of $48.46 and a two-hundred day moving average price of $47.52. iShares U.S. Healthcare Providers ETF has a 1 year low of $40.57 and a 1 year high of $54.93.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of iShares U.S. Healthcare Providers ETF by 7.1% in the first quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock worth $556,000 after buying an additional 700 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in iShares U.S. Healthcare Providers ETF by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock worth $6,576,000 after acquiring an additional 7,393 shares during the period. Rockland Trust Co. purchased a new position in iShares U.S. Healthcare Providers ETF during the second quarter valued at approximately $563,000. YHB Investment Advisors Inc. purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the second quarter valued at about $220,000. Finally, Truist Financial Corp boosted its stake in shares of iShares U.S. Healthcare Providers ETF by 1.5% in the second quarter. Truist Financial Corp now owns 36,013 shares of the company’s stock worth $1,752,000 after acquiring an additional 541 shares during the period.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.