ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Sees Large Decrease in Short Interest

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,686 shares, a drop of 95.2% from the September 30th total of 55,432 shares. Based on an average trading volume of 150,046 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of ROBO Global Healthcare Technology and Innovation ETF

A hedge fund recently raised its stake in ROBO Global Healthcare Technology and Innovation ETF stock. Capital Square LLC increased its stake in shares of ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,032 shares of the company’s stock after buying an additional 686 shares during the period. Capital Square LLC owned about 0.36% of ROBO Global Healthcare Technology and Innovation ETF worth $401,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.96% of the company’s stock.

ROBO Global Healthcare Technology and Innovation ETF Price Performance

Shares of NYSEARCA HTEC traded up $0.11 during trading on Monday, hitting $44.53. 29,414 shares of the company were exchanged, compared to its average volume of 24,063. The company has a market cap of $111.33 million, a price-to-earnings ratio of -12,445.50 and a beta of 1.04. ROBO Global Healthcare Technology and Innovation ETF has a 1 year low of $31.84 and a 1 year high of $45.34. The firm’s fifty day moving average price is $42.88 and its 200 day moving average price is $37.42.

ROBO Global Healthcare Technology and Innovation ETF Company Profile

The Robo Global Healthcare Technology and Innovation ETF (HTEC) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a proprietary index of global health care technology companies. HTEC was launched on Jun 25, 2019 and is managed by ROBO Global.