Global X HealthTech ETF (NASDAQ:HEAL – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,796 shares, a decrease of 62.7% from the August 15th total of 15,534 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 14,071 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of HEAL. Royal Bank of Canada boosted its holdings in shares of Global X HealthTech ETF by 39.4% in the 1st quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock valued at $62,000 after buying an additional 736 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Global X HealthTech ETF by 26,522.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,396 shares of the company’s stock valued at $70,000 after acquiring an additional 2,387 shares during the period. Finally, WT Wealth Management boosted its stake in Global X HealthTech ETF by 14.7% in the first quarter. WT Wealth Management now owns 101,116 shares of the company’s stock valued at $2,409,000 after acquiring an additional 12,945 shares during the period.
Global X HealthTech ETF Trading Up 2.9%
NASDAQ HEAL traded up $0.81 during trading hours on Monday, reaching $29.20. 10,208 shares of the company traded hands, compared to its average volume of 10,497. The stock has a market capitalization of $58.38 million, a PE ratio of 42.80 and a beta of 1.11. Global X HealthTech ETF has a 12 month low of $23.00 and a 12 month high of $33.59. The company has a 50 day moving average of $28.54 and a two-hundred day moving average of $26.51.
About Global X HealthTech ETF
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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