iShares Biotechnology ETF (NASDAQ:IBB – Get Rating) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 9,550,000 shares, a decline of 20.2% from the March 15th total of 11,970,000 shares. Based on an average daily trading volume, of 2,721,300 shares, the short-interest ratio is presently 3.5 days.
Several hedge funds have recently added to or reduced their stakes in the business. Homrich & Berg lifted its holdings in shares of iShares Biotechnology ETF by 5.4% during the 3rd quarter. Homrich & Berg now owns 1,475 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 75 shares during the last quarter. Bogart Wealth LLC raised its stake in iShares Biotechnology ETF by 31.3% in the fourth quarter. Bogart Wealth LLC now owns 315 shares of the financial services provider’s stock valued at $48,000 after buying an additional 75 shares during the last quarter. Grimes & Company Inc. raised its stake in iShares Biotechnology ETF by 3.1% in the third quarter. Grimes & Company Inc. now owns 2,573 shares of the financial services provider’s stock valued at $416,000 after buying an additional 78 shares during the last quarter. RDA Financial Network boosted its holdings in iShares Biotechnology ETF by 3.6% in the fourth quarter. RDA Financial Network now owns 2,424 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 84 shares in the last quarter. Finally, MUFG Americas Holdings Corp grew its stake in shares of iShares Biotechnology ETF by 1.1% during the third quarter. MUFG Americas Holdings Corp now owns 8,059 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 90 shares during the last quarter. 65.38% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ IBB opened at $127.10 on Tuesday. iShares Biotechnology ETF has a 1-year low of $118.60 and a 1-year high of $177.37. The business has a fifty day moving average price of $128.08 and a 200 day moving average price of $141.85.
iShares Biotechnology ETF Company Profile (Get Rating)
iShares Nasdaq Biotechnology ETF (the Fund), formerly iShares Nasdaq Biotechnology Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index contains securities of NASDAQ listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, which also meet other eligibility criteria determined by NASDAQ.
- Get a free copy of the StockNews.com research report on iShares Biotechnology ETF (IBB)
- 3 No-Brainer Stocks to Buy with $1000
- Rite Aid Stock is Getting Cheap Enough to Buy Here
- Analysts Reel In Netflix Targets Ahead Of Q1 Earnings
- MarketBeat Podcast: Making Money in the Red-Hot Housing Market
- Banking On Bank Of America
Receive News & Ratings for iShares Biotechnology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Biotechnology ETF and related companies with MarketBeat.com's FREE daily email newsletter.