iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Up 168.0% in December

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 382,043 shares, a growth of 168.0% from the November 30th total of 142,561 shares. Based on an average daily trading volume, of 208,220 shares, the short-interest ratio is presently 1.8 days. Approximately 2.4% of the shares of the stock are sold short. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 208,220 shares, the short-interest ratio is presently 1.8 days.

iShares U.S. Healthcare Providers ETF Price Performance

Shares of IHF stock traded up $0.35 during mid-day trading on Friday, hitting $48.32. The company had a trading volume of 179,357 shares, compared to its average volume of 279,005. The stock’s 50 day moving average price is $48.76 and its 200-day moving average price is $47.39. iShares U.S. Healthcare Providers ETF has a 52-week low of $40.57 and a 52-week high of $54.93. The company has a market capitalization of $770.70 million, a P/E ratio of 15.41 and a beta of 0.70.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sather Financial Group Inc bought a new position in shares of iShares U.S. Healthcare Providers ETF in the third quarter worth about $42,377,000. BNP Paribas Financial Markets purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter worth $24,695,000. Bank of America Corp DE grew its position in shares of iShares U.S. Healthcare Providers ETF by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 383,556 shares of the company’s stock worth $18,660,000 after buying an additional 22,471 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of iShares U.S. Healthcare Providers ETF by 69.8% during the third quarter. Kingsview Wealth Management LLC now owns 351,526 shares of the company’s stock valued at $17,362,000 after buying an additional 144,524 shares during the period. Finally, Element Pointe Advisors LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter valued at $15,602,000.

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.