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

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 13,670 shares, an increase of 636.9% from the April 15th total of 1,855 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,755 shares, the days-to-cover ratio is currently 1.8 days.

Harbor Health Care ETF Trading Up 2.1%

Shares of MEDI traded up $0.63 during midday trading on Tuesday, reaching $30.29. The stock had a trading volume of 3,455 shares, compared to its average volume of 6,825. The company’s 50-day moving average is $29.91 and its 200 day moving average is $30.83. Harbor Health Care ETF has a 12-month low of $23.43 and a 12-month high of $33.08. The company has a market capitalization of $28.17 million, a price-to-earnings ratio of 35.66 and a beta of 0.69.

Hedge Funds Weigh In On Harbor Health Care ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC bought a new position in shares of Harbor Health Care ETF during the 1st quarter valued at $220,000. Susquehanna International Group LLP bought a new position in shares of Harbor Health Care ETF during the 3rd quarter valued at $263,000. Citadel Advisors LLC bought a new position in shares of Harbor Health Care ETF during the 3rd quarter valued at $462,000. Synovus Financial Corp bought a new position in shares of Harbor Health Care ETF during the 3rd quarter valued at $1,258,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Harbor Health Care ETF by 3.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock valued at $5,940,000 after purchasing an additional 7,099 shares during 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.