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

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,851 shares, a decrease of 74.8% from the July 15th total of 7,332 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 15,961 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On ROBO Global Healthcare Technology and Innovation ETF

A hedge fund recently bought a new stake in ROBO Global Healthcare Technology and Innovation ETF stock. Capital Square LLC bought a new stake in ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,346 shares of the company’s stock, valued at approximately $319,000. Capital Square LLC owned about 0.46% of ROBO Global Healthcare Technology and Innovation ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.

ROBO Global Healthcare Technology and Innovation ETF Stock Performance

Shares of HTEC remained flat at $41.23 during mid-day trading on Thursday. 3,569 shares of the stock were exchanged, compared to its average volume of 13,022. ROBO Global Healthcare Technology and Innovation ETF has a fifty-two week low of $29.75 and a fifty-two week high of $41.62. The company has a market cap of $74.21 million, a P/E ratio of -11,523.20 and a beta of 1.04. The stock’s 50-day simple moving average is $37.51 and its 200-day simple moving average is $35.39.

About ROBO Global Healthcare Technology and Innovation ETF

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.