Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Sees Significant Decline in Short Interest

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, a drop of 81.3% from the February 13th total of 19,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is presently 0.1 days.

Global X Telemedicine & Digital Health ETF Stock Performance

Shares of Global X Telemedicine & Digital Health ETF stock traded up $0.19 during mid-day trading on Friday, hitting $9.80. 4,011 shares of the stock were exchanged, compared to its average volume of 22,246. Global X Telemedicine & Digital Health ETF has a 12 month low of $8.41 and a 12 month high of $11.91. The company has a 50-day simple moving average of $10.66 and a 200 day simple moving average of $10.10. The company has a market capitalization of $35.36 million, a P/E ratio of 39.80 and a beta of 0.88.

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.