Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC – Get Rating) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 1,600 shares, a decrease of 59.0% from the March 31st total of 3,900 shares. Based on an average trading volume of 24,900 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Global X Telemedicine & Digital Health ETF
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Global X Telemedicine & Digital Health ETF during the first quarter worth about $25,000. OLD Mission Capital LLC acquired a new stake in shares of Global X Telemedicine & Digital Health ETF during the fourth quarter worth about $30,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Global X Telemedicine & Digital Health ETF by 5.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,805,000 shares of the company's stock worth $44,062,000 after buying an additional 200,000 shares during the period.
Get Global X Telemedicine & Digital Health ETF alerts:Global X Telemedicine & Digital Health ETF Stock Performance
Shares of EDOC opened at $11.64 on Thursday. Global X Telemedicine & Digital Health ETF has a fifty-two week low of $10.61 and a fifty-two week high of $13.50. The company has a market capitalization of $128.39 million, a price-to-earnings ratio of -14.62 and a beta of 0.88. The firm has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $11.96.
About Global X Telemedicine & Digital Health ETF
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The Global X Telemedicine & Digital Health ETF (EDOC) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market-cap weighted index of companies in the global health care industry with high exposure to telemedicine & digital health. EDOC was launched on Jul 29, 2020 and is managed by Global X.
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