iShares U.S. Medical Devices ETF (NYSEARCA:IHI) Short Interest Up 41.7% in December

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,240,121 shares, an increase of 41.7% from the December 15th total of 2,285,885 shares. Based on an average daily volume of 1,039,550 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.9% of the shares of the company are short sold. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 1,039,550 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in iShares U.S. Medical Devices ETF by 19.1% during the second quarter. Bank of America Corp DE now owns 1,934,996 shares of the company’s stock valued at $121,208,000 after buying an additional 310,962 shares during the period. Nan Shan Life Insurance Co. Ltd. grew its position in shares of iShares U.S. Medical Devices ETF by 894.8% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 248,710 shares of the company’s stock valued at $14,942,000 after acquiring an additional 223,710 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares U.S. Medical Devices ETF by 83.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,874 shares of the company’s stock valued at $29,492,000 after acquiring an additional 223,216 shares during the period. Two Sigma Investments LP purchased a new position in shares of iShares U.S. Medical Devices ETF in the 3rd quarter valued at about $12,401,000. Finally, Sava Penzisko Drushtvo A.D. Skopje acquired a new position in iShares U.S. Medical Devices ETF in the 3rd quarter worth about $8,720,000.

iShares U.S. Medical Devices ETF Trading Down 0.9%

IHI opened at $61.83 on Monday. iShares U.S. Medical Devices ETF has a 12-month low of $52.90 and a 12-month high of $65.18. The firm has a market capitalization of $4.04 billion, a PE ratio of 30.76 and a beta of 0.89. The firm has a 50 day moving average of $62.80 and a two-hundred day moving average of $61.61.

iShares U.S. Medical Devices ETF Company Profile

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.