VanEck Biotech ETF (NASDAQ:BBH – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,079 shares, an increase of 148.0% from the June 30th total of 4,064 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 4,959 shares, the short-interest ratio is presently 2.0 days.
VanEck Biotech ETF Stock Performance
Shares of VanEck Biotech ETF stock traded up $0.18 on Wednesday, hitting $210.28. 2,059 shares of the company traded hands, compared to its average volume of 5,850. The firm’s 50-day simple moving average is $195.88 and its 200 day simple moving average is $192.57. VanEck Biotech ETF has a 12-month low of $156.45 and a 12-month high of $212.54.
Insiders Place Their Bets
In other VanEck Biotech ETF news, major shareholder Sardar Biglari sold 2,749 shares of VanEck Biotech ETF stock in a transaction that occurred on Thursday, July 16th. The shares were sold at an average price of $16.70, for a total transaction of $45,908.30. Following the completion of the sale, the insider directly owned 3,549,961 shares in the company, valued at $59,284,348.70. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 10,493 shares of company stock valued at $175,335 over the last quarter.
Institutional Inflows and Outflows
VanEck Biotech ETF Company Profile
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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