Short Interest in iShares Global Healthcare ETF (NYSEARCA:IXJ) Declines By 65.7%

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 79,533 shares, a drop of 65.7% from the July 30th total of 231,960 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 121,254 shares, the days-to-cover ratio is currently 0.7 days.

iShares Global Healthcare ETF Price Performance

Shares of NYSEARCA:IXJ traded down $0.40 on Friday, reaching $104.77. 38,428 shares of the company traded hands, compared to its average volume of 273,995. iShares Global Healthcare ETF has a fifty-two week low of $85.36 and a fifty-two week high of $107.68. The stock has a market capitalization of $4.28 billion, a PE ratio of 21.58 and a beta of 0.56. The company’s 50 day moving average is $100.81 and its 200-day moving average is $97.14.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IXJ. NewEdge Advisors LLC increased its position in iShares Global Healthcare ETF by 1,036.3% during the first quarter. NewEdge Advisors LLC now owns 2,534 shares of the company’s stock worth $231,000 after acquiring an additional 2,311 shares during the period. Franklin Resources Inc. lifted its position in iShares Global Healthcare ETF by 80.0% in the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. Hsbc Holdings PLC acquired a new stake in iShares Global Healthcare ETF during the second quarter worth $285,000. Cerity Partners LLC boosted its position in shares of iShares Global Healthcare ETF by 3.5% during the 2nd quarter. Cerity Partners LLC now owns 5,086 shares of the company’s stock valued at $438,000 after acquiring an additional 172 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Global Healthcare ETF during the second quarter valued at approximately $957,000.

About iShares Global Healthcare ETF

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.