Harbor Health Care ETF (NYSEARCA:MEDI) Sees Large Increase in Short Interest

Harbor Health Care ETF (NYSEARCA:MEDI) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 16,563 shares, a growth of 30.0% from the January 15th total of 12,738 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 9,251 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 9,251 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its position 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 purchasing an additional 7,099 shares in the last quarter. Synovus Financial Corp bought a new position in Harbor Health Care ETF in the third quarter worth $1,258,000. Citadel Advisors LLC purchased a new position in Harbor Health Care ETF during the third quarter valued at $462,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Harbor Health Care ETF during the 3rd quarter valued at $263,000.

Harbor Health Care ETF Price Performance

MEDI stock opened at $31.26 on Wednesday. Harbor Health Care ETF has a 1 year low of $21.86 and a 1 year high of $33.08. The company has a market cap of $26.57 million, a P/E ratio of 35.66 and a beta of 0.75. The firm has a 50-day moving average of $31.50 and a 200 day moving average of $30.07.

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.