iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Short Interest Update

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 826,350 shares, a growth of 199.0% from the August 15th total of 276,402 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 406,980 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IHF. Tidal Investments LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter worth about $20,916,000. Integrated Wealth Concepts LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the second quarter valued at approximately $1,427,000. TOP Private Wealth LLC. purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the second quarter valued at approximately $41,000. Kraft Davis & Associates LLC boosted its position in iShares U.S. Healthcare Providers ETF by 50.9% during the second quarter. Kraft Davis & Associates LLC now owns 9,085 shares of the company’s stock worth $520,000 after acquiring an additional 3,065 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in iShares U.S. Healthcare Providers ETF during the second quarter worth approximately $4,628,000.

iShares U.S. Healthcare Providers ETF Stock Up 1.7%

NYSEARCA IHF opened at $57.62 on Tuesday. iShares U.S. Healthcare Providers ETF has a fifty-two week low of $40.85 and a fifty-two week high of $58.30. The business has a fifty day moving average of $56.92 and a 200-day moving average of $51.30. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

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.