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

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 16,563 shares, a growth of 30.0% from the January 15th total of 12,738 shares. Based on an average daily volume of 9,251 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.9% of the company’s stock are sold short. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 9,251 shares, the days-to-cover ratio is presently 1.8 days.

Harbor Health Care ETF Trading Up 2.1%

Shares of MEDI stock traded up $0.63 on Tuesday, hitting $31.32. 6,588 shares of the stock were exchanged, compared to its average volume of 8,831. The firm has a market capitalization of $26.62 million, a P/E ratio of 35.66 and a beta of 0.75. Harbor Health Care ETF has a fifty-two week low of $21.86 and a fifty-two week high of $33.08. The business has a 50-day moving average of $31.48 and a 200 day moving average of $30.03.

Hedge Funds Weigh In On Harbor Health Care ETF

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in Harbor Health Care ETF during the third quarter worth approximately $263,000. Citadel Advisors LLC bought a new position in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $462,000. Synovus Financial Corp bought a new position in shares of Harbor Health Care ETF during the 3rd quarter worth approximately $1,258,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Harbor Health Care ETF by 3.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after acquiring an additional 7,099 shares during 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.