Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Update

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,343 shares, a growth of 814.1% from the November 30th total of 2,116 shares. Based on an average daily trading volume, of 8,267 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.8% of the company’s stock are short sold. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 8,267 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Harbor Health Care ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MEDI. Susquehanna International Group LLP purchased a new stake in Harbor Health Care ETF during the 3rd quarter worth approximately $263,000. Citadel Advisors LLC acquired a new stake in Harbor Health Care ETF during the 3rd quarter valued at approximately $462,000. Synovus Financial Corp acquired a new stake in Harbor Health Care ETF during the 3rd quarter valued at approximately $1,258,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of 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 acquiring an additional 7,099 shares during the last quarter.

Harbor Health Care ETF Stock Up 0.7%

Shares of NYSEARCA MEDI traded up $0.22 during midday trading on Thursday, reaching $31.93. 10,326 shares of the company’s stock traded hands, compared to its average volume of 3,450. The company has a market cap of $22.35 million, a price-to-earnings ratio of 35.66 and a beta of 0.75. The stock’s 50 day simple moving average is $31.02 and its 200-day simple moving average is $28.74. Harbor Health Care ETF has a one year low of $21.86 and a one year high of $33.08.

About Harbor Health Care ETF

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.