iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Short Interest Update

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 3,240,121 shares, a growth of 41.7% from the December 15th total of 2,285,885 shares. Based on an average trading volume of 1,039,550 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.9% of the shares of the company are short sold. Approximately 4.9% of the shares of the company are short sold. Based on an average trading volume of 1,039,550 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

A number of institutional investors have recently added to or reduced their stakes in IHI. Smartleaf Asset Management LLC raised its holdings in iShares U.S. Medical Devices ETF by 740.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 420 shares of the company’s stock valued at $25,000 after acquiring an additional 370 shares in the last quarter. Country Trust Bank acquired a new position in shares of iShares U.S. Medical Devices ETF in the second quarter valued at $28,000. FWL Investment Management LLC bought a new position in iShares U.S. Medical Devices ETF in the third quarter worth $27,000. Group One Trading LLC acquired a new stake in iShares U.S. Medical Devices ETF during the second quarter worth $29,000. Finally, Legend Financial Advisors Inc. acquired a new stake in iShares U.S. Medical Devices ETF during the second quarter worth $36,000.

iShares U.S. Medical Devices ETF Stock Down 0.9%

iShares U.S. Medical Devices ETF stock traded down $0.59 during mid-day trading on Friday, reaching $61.83. The company had a trading volume of 1,729,469 shares, compared to its average volume of 1,469,070. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 30.76 and a beta of 0.89. The company has a 50 day moving average of $62.80 and a 200-day moving average of $61.62. iShares U.S. Medical Devices ETF has a 52 week low of $52.90 and a 52 week high of $65.18.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.