iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Significant Decrease in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 43,527 shares, a decrease of 52.4% from the October 15th total of 91,363 shares. Based on an average daily trading volume, of 399,066 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares Global Healthcare ETF Price Performance

Shares of IXJ stock traded up $0.48 on Friday, hitting $114.74. The stock had a trading volume of 82,902 shares, compared to its average volume of 263,428. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 30.60 and a beta of 0.53. iShares Global Healthcare ETF has a 12-month low of $90.28 and a 12-month high of $116.89. The business has a 50 day moving average of $106.44 and a 200 day moving average of $99.74.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC purchased a new stake in shares of iShares Global Healthcare ETF during the 3rd quarter valued at $417,000. Steward Partners Investment Advisory LLC raised its stake in shares of iShares Global Healthcare ETF by 8.7% in the third quarter. Steward Partners Investment Advisory LLC now owns 12,950 shares of the company’s stock valued at $1,322,000 after buying an additional 1,033 shares during the period. Rathbones Group PLC bought a new stake in shares of iShares Global Healthcare ETF in the third quarter valued at $2,798,000. FCA Corp TX purchased a new position in shares of iShares Global Healthcare ETF during the 3rd quarter valued at $5,664,000. Finally, Private Advisor Group LLC purchased a new position in shares of iShares Global Healthcare ETF during the 3rd quarter valued at $1,885,000.

iShares Global Healthcare ETF Company Profile

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index.