Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Up 24.6% in February

Harbor Health Care ETF (NYSEARCA:MEDI) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 20,642 shares, a growth of 24.6% from the January 29th total of 16,563 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 6,349 shares, the days-to-cover ratio is currently 3.3 days. Based on an average trading volume of 6,349 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Harbor Health Care ETF

Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in Harbor Health Care ETF by 3.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock valued at $5,940,000 after buying an additional 7,099 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of Harbor Health Care ETF in the third quarter valued at approximately $1,258,000. Citadel Advisors LLC bought a new position in shares of Harbor Health Care ETF during the third quarter worth approximately $462,000. Finally, Susquehanna International Group LLP bought a new position in shares of Harbor Health Care ETF during the third quarter worth approximately $263,000.

Harbor Health Care ETF Stock Down 2.3%

Shares of MEDI stock traded down $0.73 during trading on Tuesday, reaching $30.79. The company’s stock had a trading volume of 856 shares, compared to its average volume of 7,778. Harbor Health Care ETF has a one year low of $21.86 and a one year high of $33.08. The business has a fifty day moving average price of $31.54 and a 200-day moving average price of $30.38. The company has a market cap of $26.17 million, a price-to-earnings ratio of 35.66 and a beta of 0.75.

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.