Global X HealthTech ETF (NASDAQ:HEAL) Shares Shorted: Short Interest Down 45.6% in October

Global X HealthTech ETF (NASDAQ:HEAL) was the recipient of a significant decrease in short interest during 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. Based on an average trading volume of 4,540 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Global X HealthTech ETF Price Performance

Shares of Global X HealthTech ETF stock traded down $0.81 during trading on Friday, reaching $30.70. 6,719 shares of the stock traded hands, compared to its average volume of 10,514. The company has a market capitalization of $34.69 million, a price-to-earnings ratio of 42.80 and a beta of 1.13. The business has a fifty day simple moving average of $29.68 and a two-hundred day simple moving average of $27.31. Global X HealthTech ETF has a 52-week low of $23.00 and a 52-week high of $32.15.

Institutional Trading of Global X HealthTech ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Global X HealthTech ETF by 28.3% during 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 boosted its position in shares of Global X HealthTech ETF by 4.3% during the third quarter. Farther Finance Advisors LLC now owns 23,037 shares of the company’s stock valued at $680,000 after buying an additional 950 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Global X HealthTech ETF by 39.4% during 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 during the last quarter.

Global X HealthTech ETF Company Profile

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