iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Up 173.5% in March

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 960,356 shares, a growth of 173.5% from the February 26th total of 351,160 shares. Based on an average daily volume of 212,747 shares, the days-to-cover ratio is currently 4.5 days. Approximately 5.9% of the shares of the stock are sold short. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily volume of 212,747 shares, the days-to-cover ratio is currently 4.5 days.

iShares U.S. Healthcare Providers ETF Stock Up 0.1%

Shares of iShares U.S. Healthcare Providers ETF stock traded up $0.03 on Wednesday, hitting $42.32. 382,834 shares of the company were exchanged, compared to its average volume of 294,053. The company has a 50-day moving average price of $45.72 and a 200 day moving average price of $47.81. The stock has a market capitalization of $683.47 million, a price-to-earnings ratio of 15.41 and a beta of 0.70. iShares U.S. Healthcare Providers ETF has a 1-year low of $40.57 and a 1-year high of $54.93.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock worth $556,000 after acquiring an additional 700 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock valued at $6,576,000 after purchasing an additional 7,393 shares during the period. Creative Planning grew its holdings in shares of iShares U.S. Healthcare Providers ETF by 4.9% in the second quarter. Creative Planning now owns 35,559 shares of the company’s stock valued at $1,730,000 after purchasing an additional 1,670 shares during the period. Rockefeller Capital Management L.P. increased its position in iShares U.S. Healthcare Providers ETF by 106.0% during the second quarter. Rockefeller Capital Management L.P. now owns 33,908 shares of the company’s stock worth $1,650,000 after purchasing an additional 17,450 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in iShares U.S. Healthcare Providers ETF by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 39,796 shares of the company’s stock worth $1,936,000 after purchasing an additional 1,887 shares during the period.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.