Global X HealthTech ETF (NASDAQ:HEAL) Shares Shorted: Short Interest Up 1,608.6% in October

Global X HealthTech ETF (NASDAQ:HEAL – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 33,454 shares, an increase of 1,608.6% from the October 15th total of 1,958 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily volume of 18,461 shares, the days-to-cover ratio is presently 1.8 days.

Global X HealthTech ETF Price Performance

Shares of NASDAQ HEAL traded up $0.10 during midday trading on Wednesday, reaching $30.98. 4,660 shares of the company traded hands, compared to its average volume of 10,827. Global X HealthTech ETF has a 52 week low of $23.00 and a 52 week high of $32.15. The company has a market cap of $38.41 million, a price-to-earnings ratio of 28.10 and a beta of 1.13. The stock has a 50-day moving average price of $29.84 and a 200 day moving average price of $27.32.

Institutional Trading of Global X HealthTech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEAL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Global X HealthTech ETF by 28.3% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 195,122 shares of the company’s stock worth $5,758,000 after buying an additional 43,075 shares during the period. Farther Finance Advisors LLC grew its position in Global X HealthTech ETF by 4.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 23,037 shares of the company’s stock worth $680,000 after purchasing an additional 950 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Global X HealthTech ETF by 39.4% in the first quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $62,000 after purchasing an additional 736 shares in the last quarter.

About Global X HealthTech ETF

(Get Free Report)

An ETF that invests in companies at the intersection of healthcare and technology, targeting innovations in drug discovery, medical devices, consumer healthcare, and analytics.

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