Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Short Interest Down 41.9% in March

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,500 shares, a decrease of 41.9% from the February 29th total of 4,300 shares. Based on an average daily trading volume, of 50,800 shares, the days-to-cover ratio is currently 0.0 days.

Global X Telemedicine & Digital Health ETF Price Performance

Global X Telemedicine & Digital Health ETF stock traded down $0.01 during midday trading on Thursday, reaching $9.51. 10,464 shares of the company traded hands, compared to its average volume of 47,513. The firm has a market capitalization of $65.33 million, a price-to-earnings ratio of -14.62 and a beta of 0.88. The business has a 50 day moving average of $9.49 and a two-hundred day moving average of $9.26. Global X Telemedicine & Digital Health ETF has a 12 month low of $8.02 and a 12 month high of $12.10.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Telemedicine & Digital Health ETF stock. JPMorgan Chase & Co. acquired a new position in Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,720 shares of the company’s stock, valued at approximately $25,000.

Global X Telemedicine & Digital Health ETF Company Profile

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.