iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Up 135.6% in July

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 231,960 shares, a growth of 135.6% from the July 15th total of 98,472 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 151,356 shares, the days-to-cover ratio is currently 1.5 days.

iShares Global Healthcare ETF Price Performance

IXJ stock traded down $0.66 during midday trading on Friday, hitting $102.41. The company’s stock had a trading volume of 71,075 shares, compared to its average volume of 273,934. The company’s fifty day moving average price is $98.88 and its 200 day moving average price is $96.74. The stock has a market capitalization of $4.18 billion, a P/E ratio of 21.58 and a beta of 0.56. iShares Global Healthcare ETF has a twelve month low of $85.36 and a twelve month high of $104.28.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several hedge funds have recently bought and sold shares of the company. Fosun International Ltd acquired a new stake in iShares Global Healthcare ETF during the 4th quarter valued at $630,000. Northwestern Mutual Wealth Management Co. increased its stake in iShares Global Healthcare ETF by 32.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,388 shares of the company’s stock worth $2,278,000 after acquiring an additional 5,666 shares during the period. Phoenix Financial Ltd. lifted its position in iShares Global Healthcare ETF by 77.2% during the fourth quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after purchasing an additional 925,500 shares during the period. Hamilton Wealth LLC boosted its position in shares of iShares Global Healthcare ETF by 93.4% during the 4th quarter. Hamilton Wealth LLC now owns 95,799 shares of the company’s stock worth $9,331,000 after acquiring an additional 46,269 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of iShares Global Healthcare ETF in the 1st quarter valued at $732,000.

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.