Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Up 636.9% in April

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 13,670 shares, an increase of 636.9% from the April 15th total of 1,855 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 7,755 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Harbor Health Care ETF

Large investors have recently made changes to their positions in the stock. Synovus Financial Corp purchased a new stake in Harbor Health Care ETF during the third quarter worth about $1,258,000. Citadel Advisors LLC purchased a new position in Harbor Health Care ETF in the third quarter valued at about $462,000. Susquehanna International Group LLP acquired a new stake in shares of Harbor Health Care ETF during the 3rd quarter valued at approximately $263,000. Private Advisor Group LLC acquired a new stake in shares of Harbor Health Care ETF during the 1st quarter valued at approximately $220,000. Finally, Commonwealth Equity Services LLC boosted its stake 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 in the last quarter.

Harbor Health Care ETF Price Performance

MEDI opened at $30.59 on Thursday. Harbor Health Care ETF has a 12 month low of $23.43 and a 12 month high of $33.08. The stock has a market capitalization of $28.45 million, a P/E ratio of 35.66 and a beta of 0.69. The business has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $30.84.

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.