iShares U.S. Healthcare ETF (NYSEARCA:IYH) Stock Short Interest Rises 111.4%

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 986,803 shares, an increase of 111.4% from the September 15th total of 466,735 shares. Based on an average daily trading volume, of 666,284 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are sold short.

iShares U.S. Healthcare ETF Trading Down 1.3%

IYH stock traded down $0.91 during trading on Tuesday, reaching $71.64. 298,737 shares of the stock were exchanged, compared to its average volume of 791,953. The stock has a 50 day simple moving average of $71.56 and a 200-day simple moving average of $66.66. iShares U.S. Healthcare ETF has a twelve month low of $59.47 and a twelve month high of $74.59. The company has a market capitalization of $4.02 billion, a P/E ratio of 21.05 and a beta of 0.56.

Hedge Funds Weigh In On iShares U.S. Healthcare ETF

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its stake in iShares U.S. Healthcare ETF by 1,008.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock worth $80,561,000 after acquiring an additional 1,125,886 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of iShares U.S. Healthcare ETF by 7.8% in the 1st quarter. Royal Bank of Canada now owns 899,816 shares of the company’s stock valued at $55,466,000 after acquiring an additional 64,913 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in iShares U.S. Healthcare ETF by 8.7% in the 1st quarter. Kestra Advisory Services LLC now owns 421,205 shares of the company’s stock worth $25,963,000 after purchasing an additional 33,731 shares in the last quarter. Cetera Investment Advisers increased its holdings in iShares U.S. Healthcare ETF by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 206,074 shares of the company’s stock worth $12,702,000 after purchasing an additional 12,038 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of iShares U.S. Healthcare ETF by 10.3% in the second quarter. Concurrent Investment Advisors LLC now owns 163,818 shares of the company’s stock valued at $10,977,000 after buying an additional 15,232 shares during the period.

About iShares U.S. Healthcare ETF

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.