Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Update

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 6,021 shares, a decrease of 56.6% from the May 31st total of 13,874 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 9,503 shares, the days-to-cover ratio is presently 0.6 days.

Harbor Health Care ETF Stock Performance

MEDI stock opened at $33.50 on Monday. The firm has a 50 day simple moving average of $30.63 and a 200 day simple moving average of $30.80. Harbor Health Care ETF has a 52 week low of $25.72 and a 52 week high of $33.62. The stock has a market cap of $31.16 million, a P/E ratio of 35.66 and a beta of 0.69.

Institutional Investors Weigh In On Harbor Health Care ETF

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in shares of Harbor Health Care ETF during the 1st quarter valued at $220,000. Susquehanna International Group LLP acquired a new position in shares of Harbor Health Care ETF in the third quarter worth $263,000. Citadel Advisors LLC purchased a new stake in shares of Harbor Health Care ETF during the third quarter worth $462,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Harbor Health Care ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after acquiring an additional 5,160 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.