iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Decrease in Short Interest

iShares Global Healthcare ETF (NYSEARCA:IXJ) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 39,721 shares, a decline of 50.1% from the August 15th total of 79,533 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 264,904 shares, the days-to-cover ratio is presently 0.1 days.

iShares Global Healthcare ETF Stock Down 0.1%

Shares of NYSEARCA:IXJ traded down $0.11 on Tuesday, hitting $102.16. The company had a trading volume of 1,365,840 shares, compared to its average volume of 271,531. The firm’s 50-day simple moving average is $102.21 and its two-hundred day simple moving average is $97.40. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56. iShares Global Healthcare ETF has a 1 year low of $85.36 and a 1 year high of $107.68.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Hedge funds have recently made changes to their positions in the company. Fosun International Ltd bought a new stake in shares of iShares Global Healthcare ETF in the 4th quarter worth $630,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Global Healthcare ETF by 32.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,388 shares of the company’s stock valued at $2,278,000 after buying an additional 5,666 shares during the last quarter. Hamilton Wealth LLC boosted its position in shares of iShares Global Healthcare ETF by 93.4% during the fourth quarter. Hamilton Wealth LLC now owns 95,799 shares of the company’s stock valued at $9,331,000 after buying an additional 46,269 shares during the last quarter. Readystate Asset Management LP bought a new stake in iShares Global Healthcare ETF in the 1st quarter worth about $732,000. Finally, Fisher Asset Management LLC raised its position in iShares Global Healthcare ETF by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock worth $782,375,000 after buying an additional 592,677 shares during the last quarter.

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.