Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Down 86.9% in February

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 2,709 shares, a decrease of 86.9% from the February 12th total of 20,642 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 5,612 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Harbor Health Care ETF Trading Down 0.4%

Shares of MEDI traded down $0.12 during mid-day trading on Tuesday, hitting $30.93. The company’s stock had a trading volume of 4,419 shares, compared to its average volume of 7,607. Harbor Health Care ETF has a 1-year low of $21.86 and a 1-year high of $33.08. The firm has a market capitalization of $26.29 million, a P/E ratio of 35.66 and a beta of 0.75. The firm has a 50-day simple moving average of $31.46 and a 200 day simple moving average of $30.52.

Institutional Investors Weigh In On Harbor Health Care ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MEDI. Synovus Financial Corp purchased a new stake in shares of Harbor Health Care ETF during the 3rd quarter worth $1,258,000. Commonwealth Equity Services LLC grew its stake in shares of Harbor Health Care ETF by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after purchasing an additional 5,160 shares during the period. Citadel Advisors LLC purchased a new position in shares of Harbor Health Care ETF in the 3rd quarter valued at about $462,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF in the third quarter valued at about $263,000.

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.