Harbor Health Care ETF (NYSEARCA:MEDI) Sees Significant Drop in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 12,911 shares, a decline of 33.3% from the December 15th total of 19,343 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,258 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 10,258 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.6% of the shares of the stock are sold short.

Institutional Trading of Harbor Health Care ETF

A number of hedge funds have recently made changes to their positions in MEDI. Susquehanna International Group LLP acquired a new position in shares of Harbor Health Care ETF in the third quarter valued at approximately $263,000. Citadel Advisors LLC acquired a new position in Harbor Health Care ETF in the 3rd quarter valued at approximately $462,000. Synovus Financial Corp bought a new position in shares of Harbor Health Care ETF during the third quarter valued at $1,258,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Harbor Health Care ETF by 3.5% during the third quarter. Commonwealth Equity Services LLC now owns 207,933 shares of the company’s stock valued at $5,940,000 after acquiring an additional 7,099 shares during the last quarter.

Harbor Health Care ETF Stock Performance

Shares of MEDI traded down $0.40 during trading hours on Friday, reaching $31.47. The stock had a trading volume of 7,186 shares, compared to its average volume of 10,881. Harbor Health Care ETF has a 12 month low of $21.86 and a 12 month high of $33.08. The stock has a market capitalization of $25.81 million, a PE ratio of 35.66 and a beta of 0.75. The company’s 50-day moving average is $31.65 and its two-hundred day moving average is $29.38.

About Harbor Health Care ETF

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.