iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Growth in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 148,762 shares, a growth of 181.9% from the May 31st total of 52,767 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 209,430 shares, the days-to-cover ratio is currently 0.7 days.

iShares Global Healthcare ETF Price Performance

NYSEARCA:IXJ traded up $2.03 during trading hours on Friday, hitting $98.89. 942,272 shares of the company were exchanged, compared to its average volume of 285,816. iShares Global Healthcare ETF has a 52-week low of $82.16 and a 52-week high of $101.78. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 21.58 and a beta of 0.58. The company’s 50 day moving average price is $93.84 and its 200-day moving average price is $96.16.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Several hedge funds have recently made changes to their positions in IXJ. LOM Asset Management Ltd acquired a new stake in iShares Global Healthcare ETF during the 3rd quarter worth about $26,000. Nvest Wealth Strategies Inc. purchased a new position in shares of iShares Global Healthcare ETF in the fourth quarter worth about $30,000. Arax Advisory Partners purchased a new position in shares of iShares Global Healthcare ETF in the fourth quarter worth about $31,000. Franklin Resources Inc. raised its stake in shares of 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 last quarter. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares Global Healthcare ETF during the fourth quarter worth about $42,000.

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.