iShares Health Innovation Active ETF (NYSEARCA:BMED) Short Interest Down 84.6% in May

iShares Health Innovation Active ETF (NYSEARCA:BMED) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 568 shares, a drop of 84.6% from the May 14th total of 3,688 shares. Based on an average daily trading volume, of 4,094 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Health Innovation Active ETF

A hedge fund recently bought a new stake in iShares Health Innovation Active ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares Health Innovation Active ETF (NYSEARCA:BMED) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,612 shares of the company’s stock, valued at approximately $352,000. Sunbelt Securities Inc. owned about 3.63% of iShares Health Innovation Active ETF as of its most recent filing with the SEC.

iShares Health Innovation Active ETF Stock Performance

Shares of BMED stock remained flat at $28.61 during trading hours on Friday. 179 shares of the stock traded hands, compared to its average volume of 4,042. The stock has a 50-day simple moving average of $28.38 and a 200 day simple moving average of $29.68. The stock has a market cap of $10.30 million, a PE ratio of 24.91 and a beta of 0.75. iShares Health Innovation Active ETF has a fifty-two week low of $24.20 and a fifty-two week high of $32.19.

About iShares Health Innovation Active ETF

The BlackRock Future Health ETF (BMED) is an exchange-traded fund that is based on the MSCI All Country World index. The fund is actively managed to invest in global equities in the health sciences industry. BMED was launched on Sep 29, 2020 and is managed by BlackRock.