Short Interest in iShares Health Innovation Active ETF (NYSEARCA:BMED) Declines By 39.2%

iShares Health Innovation Active ETF (NYSEARCA:BMED) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,114 shares, a decrease of 39.2% from the June 30th total of 1,831 shares. Based on an average daily volume of 3,283 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares Health Innovation Active ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares Health Innovation Active ETF (NYSEARCA:BMED) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,612 shares of the company’s stock, valued at approximately $352,000. Sunbelt Securities Inc. owned 3.63% of iShares Health Innovation Active ETF at the end of the most recent quarter.

iShares Health Innovation Active ETF Price Performance

Shares of NYSEARCA:BMED traded down $0.26 during trading on Friday, hitting $30.99. The company’s stock had a trading volume of 155 shares, compared to its average volume of 3,542. The firm has a market cap of $11.16 million, a price-to-earnings ratio of 24.91 and a beta of 0.73. The company has a 50-day moving average of $29.69 and a 200-day moving average of $29.61. iShares Health Innovation Active ETF has a 12 month low of $24.50 and a 12 month high of $32.19.

iShares Health Innovation Active ETF Company Profile

The BlackRock Future Health ETF (BMED) is an exchange-traded fund that is based on the MSCI All Country World index. The fund is actively managed to invest in global equities in the health sciences industry. BMED was launched on Sep 29, 2020 and is managed by BlackRock.