iShares U.S. Healthcare ETF (NYSEARCA:IYH) Stock Short Interest Report for September

iShares U.S. Healthcare ETF (NYSEARCA:IYH) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 986,803 shares, a growth of 111.4% from the September 15th total of 466,735 shares. Based on an average daily trading volume, of 666,284 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.8% of the company’s stock are sold short.

iShares U.S. Healthcare ETF Stock Performance

Shares of iShares U.S. Healthcare ETF stock traded up $1.85 during mid-day trading on Thursday, hitting $75.01. 225,221 shares of the stock were exchanged, compared to its average volume of 790,195. The company has a 50-day simple moving average of $71.71 and a 200 day simple moving average of $66.82. iShares U.S. Healthcare ETF has a 12 month low of $59.63 and a 12 month high of $75.22. The company has a market capitalization of $4.34 billion, a P/E ratio of 21.05 and a beta of 0.56.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new stake in iShares U.S. Healthcare ETF during the 2nd quarter valued at approximately $744,000. Gerald Baker Financial Group LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the first quarter valued at approximately $3,539,000. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Healthcare ETF in the 2nd quarter worth $3,297,000. McIlrath & Eck LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 1st quarter valued at $490,000. Finally, Readystate Asset Management LP purchased a new position in iShares U.S. Healthcare ETF in the second quarter worth about $543,000.

About iShares U.S. Healthcare ETF

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.