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 target of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,500 shares, a drop of 41.9% from the February 29th total of 4,300 shares. Based on an average trading volume of 50,800 shares, the short-interest ratio is presently 0.0 days.

Global X Telemedicine & Digital Health ETF Price Performance

Shares of EDOC stock traded down $0.01 during trading on Thursday, reaching $9.51. The company had a trading volume of 10,464 shares, compared to its average volume of 47,513. The firm’s 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $9.26. Global X Telemedicine & Digital Health ETF has a one year low of $8.02 and a one year high of $12.10. The company has a market capitalization of $65.33 million, a PE ratio of -14.62 and a beta of 0.88.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Telemedicine & Digital Health ETF stock. JPMorgan Chase & Co. acquired a new stake in Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,720 shares of the company’s stock, valued at approximately $25,000.

About Global X Telemedicine & Digital Health ETF

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.