Harbor Health Care ETF (NYSEARCA:MEDI) Short Interest Up 30.0% in January

Harbor Health Care ETF (NYSEARCA:MEDI) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 16,563 shares, a growth of 30.0% from the January 15th total of 12,738 shares. Based on an average daily trading volume, of 9,251 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 9,251 shares, the short-interest ratio is presently 1.8 days.

Harbor Health Care ETF Stock Up 0.2%

Shares of MEDI stock opened at $30.69 on Monday. The firm has a market cap of $26.09 million, a P/E ratio of 35.66 and a beta of 0.75. The company has a 50 day moving average of $31.50 and a 200-day moving average of $30.01. Harbor Health Care ETF has a 12-month low of $21.86 and a 12-month high of $33.08.

Institutional Trading of Harbor Health Care ETF

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake 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 worth $5,940,000 after acquiring an additional 7,099 shares during the period. Synovus Financial Corp bought a new stake in Harbor Health Care ETF in the 3rd quarter valued at about $1,258,000. Citadel Advisors LLC purchased a new stake in Harbor Health Care ETF during the third quarter valued at about $462,000. Finally, Susquehanna International Group LLP bought a new position in Harbor Health Care ETF during the third quarter worth about $263,000.

Harbor Health Care ETF Company Profile

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.