Harbor Health Care ETF (NYSEARCA:MEDI – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 11,253 shares, a growth of 67.6% from the July 15th total of 6,715 shares. Based on an average trading volume of 3,346 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.9% of the shares of the company are sold short.
Harbor Health Care ETF Stock Performance
MEDI traded up $0.44 during trading hours on Tuesday, reaching $34.50. The company’s stock had a trading volume of 5,595 shares, compared to its average volume of 7,613. Harbor Health Care ETF has a 52 week low of $27.10 and a 52 week high of $34.97. The company’s 50-day moving average is $33.04 and its 200-day moving average is $31.29. The firm has a market cap of $43.81 million, a PE ratio of 35.66 and a beta of 0.66.
Hedge Funds Weigh In On Harbor Health Care ETF
Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC bought a new stake in shares of Harbor Health Care ETF during the 1st quarter worth about $220,000. Susquehanna International Group LLP bought a new position in Harbor Health Care ETF in the 3rd quarter valued at about $263,000. Citadel Advisors LLC bought a new position in Harbor Health Care ETF in the 3rd quarter valued at about $462,000. Finally, Commonwealth Equity Services LLC lifted its position in Harbor Health Care ETF by 2.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 213,093 shares of the company’s stock worth $6,702,000 after acquiring an additional 5,160 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.
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