Short Interest in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Decreases By 41.5%

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 276,402 shares, a decrease of 41.5% from the July 30th total of 472,446 shares. Based on an average trading volume of 535,854 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its position in iShares U.S. Healthcare Providers ETF by 145.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock valued at $29,000 after acquiring an additional 363 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter worth $32,000. Arax Advisory Partners purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter worth $35,000. TOP Private Wealth LLC. bought a new stake in iShares U.S. Healthcare Providers ETF during the second quarter valued at about $41,000. Finally, WealthShield Partners LLC bought a new stake in iShares U.S. Healthcare Providers ETF during the fourth quarter valued at about $37,000.

iShares U.S. Healthcare Providers ETF Price Performance

NYSEARCA IHF traded up $0.72 during trading on Tuesday, reaching $57.43. 845,148 shares of the company’s stock traded hands, compared to its average volume of 451,548. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72. The company’s 50 day simple moving average is $56.60 and its two-hundred day simple moving average is $50.50. iShares U.S. Healthcare Providers ETF has a 12-month low of $40.85 and a 12-month high of $58.30.

iShares U.S. Healthcare Providers ETF Company Profile

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.