Global X HealthTech ETF (NASDAQ:HEAL) Sees Significant Decrease in Short Interest

Global X HealthTech ETF (NASDAQ:HEAL) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,958 shares, a decrease of 45.6% from the September 30th total of 3,598 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 4,540 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Global X HealthTech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Global X HealthTech ETF by 28.3% during the 3rd 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 acquiring an additional 43,075 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Global X HealthTech ETF by 4.3% in the third quarter. Farther Finance Advisors LLC now owns 23,037 shares of the company’s stock valued at $680,000 after purchasing an additional 950 shares during the period. Finally, Royal Bank of Canada boosted 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 buying an additional 736 shares in the last quarter.

Global X HealthTech ETF Trading Down 2.6%

Shares of Global X HealthTech ETF stock traded down $0.81 during trading hours on Friday, reaching $30.70. The stock had a trading volume of 6,719 shares, compared to its average volume of 10,514. The firm has a market capitalization of $34.69 million, a PE ratio of 42.80 and a beta of 1.13. The stock’s 50 day moving average is $29.68 and its 200 day moving average is $27.31. Global X HealthTech ETF has a twelve month low of $23.00 and a twelve month high of $32.15.

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.