Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC – Get Rating) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,700 shares, a growth of 13.6% from the February 28th total of 5,900 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in EDOC. JPMorgan Chase & Co. bought a new position in shares of Global X Telemedicine & Digital Health ETF during the 1st quarter valued at about $25,000. OLD Mission Capital LLC bought a new position in shares of Global X Telemedicine & Digital Health ETF during the 4th quarter valued at about $30,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Global X Telemedicine & Digital Health ETF by 5.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,805,000 shares of the company's stock valued at $44,062,000 after purchasing an additional 200,000 shares during the last quarter.
Get Global X Telemedicine & Digital Health ETF alerts:Global X Telemedicine & Digital Health ETF Stock Up 2.1 %
EDOC stock traded up $0.24 during trading on Friday, reaching $11.72. The company's stock had a trading volume of 37,723 shares, compared to its average volume of 23,913. Global X Telemedicine & Digital Health ETF has a 1 year low of $10.61 and a 1 year high of $15.09. The company has a market capitalization of $139.00 million, a P/E ratio of -14.62 and a beta of 0.86. The company's fifty day moving average is $11.95 and its 200-day moving average is $11.84.
About Global X Telemedicine & Digital Health ETF
(Get Rating)
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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