Harbor Health Care ETF (NYSEARCA:MEDI) Sees Significant Drop in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,855 shares, a drop of 18.4% from the March 31st total of 2,274 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Harbor Health Care ETF Stock Up 3.8%

NYSEARCA MEDI traded up $1.08 on Thursday, reaching $29.83. The stock had a trading volume of 21,703 shares, compared to its average volume of 6,939. The stock has a fifty day moving average price of $30.03 and a two-hundred day moving average price of $30.79. Harbor Health Care ETF has a 12-month low of $23.43 and a 12-month high of $33.08. The firm has a market capitalization of $27.74 million, a price-to-earnings ratio of 35.66 and a beta of 0.78.

Institutional Investors Weigh In On Harbor Health Care ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp acquired a new position in Harbor Health Care ETF during the 3rd quarter worth about $1,258,000. Citadel Advisors LLC purchased a new position in shares of Harbor Health Care ETF in the third quarter valued at approximately $462,000. Susquehanna International Group LLP purchased a new position in shares of Harbor Health Care ETF in the third quarter valued at approximately $263,000. Private Advisor Group LLC purchased a new position in Harbor Health Care ETF in the 1st quarter valued at approximately $220,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Harbor Health Care ETF by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock worth $5,940,000 after acquiring an additional 7,099 shares in the last quarter.

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.