iShares Global Healthcare ETF (NYSEARCA:IXJ) Short Interest Down 81.0% in July

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 98,472 shares, a decline of 81.0% from the June 30th total of 517,581 shares. Based on an average trading volume of 176,308 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of iShares Global Healthcare ETF by 1,036.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,534 shares of the company’s stock valued at $231,000 after purchasing an additional 2,311 shares during the period. Franklin Resources Inc. raised its stake in iShares Global Healthcare ETF by 80.0% during the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after acquiring an additional 160 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of iShares Global Healthcare ETF during the second quarter valued at $285,000. Cerity Partners LLC boosted its stake in shares of iShares Global Healthcare ETF by 3.5% in the 2nd quarter. Cerity Partners LLC now owns 5,086 shares of the company’s stock valued at $438,000 after purchasing an additional 172 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Global Healthcare ETF during the 2nd quarter worth about $957,000.

iShares Global Healthcare ETF Price Performance

Shares of iShares Global Healthcare ETF stock opened at $99.89 on Friday. iShares Global Healthcare ETF has a 52-week low of $82.16 and a 52-week high of $102.20. The firm has a market capitalization of $4.11 billion, a PE ratio of 21.58 and a beta of 0.57. The company’s fifty day moving average price is $96.51 and its two-hundred day moving average price is $96.49.

iShares Global Healthcare ETF Company Profile

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.