Short Interest in iShares Global Healthcare ETF (NYSEARCA:IXJ) Grows By 247.9%

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 517,581 shares, an increase of 247.9% from the June 15th total of 148,762 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 714,142 shares, the days-to-cover ratio is currently 0.7 days.

iShares Global Healthcare ETF Trading Down 1.6%

NYSEARCA:IXJ traded down $1.55 during mid-day trading on Tuesday, hitting $97.66. The company’s stock had a trading volume of 166,114 shares, compared to its average volume of 297,567. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.58 and a beta of 0.57. iShares Global Healthcare ETF has a fifty-two week low of $82.16 and a fifty-two week high of $102.20. The stock has a fifty day moving average of $95.35 and a 200-day moving average of $96.42.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds have recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new stake in iShares Global Healthcare ETF in the 4th quarter valued at $30,000. Arax Advisory Partners bought a new position in shares of iShares Global Healthcare ETF during the fourth quarter valued at $31,000. Franklin Resources Inc. lifted its holdings in shares of iShares Global Healthcare ETF by 80.0% during the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares during the period. LOM Asset Management Ltd boosted its stake in shares of iShares Global Healthcare ETF by 37.0% in the 4th quarter. LOM Asset Management Ltd now owns 407 shares of the company’s stock valued at $40,000 after purchasing an additional 110 shares in the last quarter. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares Global Healthcare ETF in the 4th quarter valued at $42,000.

About iShares Global Healthcare ETF

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. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.