Harbor Health Care ETF (NYSEARCA:MEDI) Sees Large Growth in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,343 shares, a growth of 814.1% from the November 30th total of 2,116 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 8,267 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 8,267 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.8% of the shares of the company are sold short.

Harbor Health Care ETF Price Performance

NYSEARCA MEDI traded up $0.22 on Wednesday, reaching $31.93. The stock had a trading volume of 10,326 shares, compared to its average volume of 3,450. The company has a market cap of $22.35 million, a P/E ratio of 35.66 and a beta of 0.75. The firm has a fifty day moving average of $31.02 and a two-hundred day moving average of $28.74. Harbor Health Care ETF has a 1-year low of $21.86 and a 1-year high of $33.08.

Hedge Funds Weigh In On Harbor Health Care ETF

A number of hedge funds have recently bought and sold shares of MEDI. Susquehanna International Group LLP acquired a new stake in Harbor Health Care ETF in the 3rd quarter worth about $263,000. Citadel Advisors LLC acquired a new position in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $462,000. Synovus Financial Corp bought a new position in shares of Harbor Health Care ETF during the third quarter worth approximately $1,258,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Harbor Health Care ETF by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock valued at $5,940,000 after buying an additional 7,099 shares in the last quarter.

Harbor Health Care ETF Company Profile

The Harbor Health Care ETF (MEDI) is an exchange-traded fund that is based on the Russell 3000 Growth Health Care index. The fund seeks long-term capital growth by actively managing a narrow portfolio of stocks engaged in the health care sector globally. MEDI was launched on Nov 16, 2022 and is managed by Harbor.