Langar Global HealthTech ETF (NYSEARCA:LGHT) Sees Large Drop in Short Interest

Langar Global HealthTech ETF (NYSEARCA:LGHT) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 153 shares, a decline of 52.9% from the May 14th total of 325 shares. Based on an average daily volume of 375 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Langar Global HealthTech ETF Trading Up 0.1%

Shares of Langar Global HealthTech ETF stock traded up $0.01 on Friday, hitting $8.21. The stock had a trading volume of 117 shares, compared to its average volume of 2,849. The company’s 50 day moving average price is $8.39 and its 200 day moving average price is $9.27. The stock has a market cap of $2.38 million, a price-to-earnings ratio of 33.43 and a beta of 0.64. Langar Global HealthTech ETF has a 52-week low of $7.94 and a 52-week high of $10.66.

About Langar Global HealthTech ETF

The Langar Global HealthTech ETF (LGHT) is an exchange-traded fund that mostly invests in health care equity. The fund seeks long-term capital growth from an actively managed portfolio of healthcare technology companies worldwide. LGHT was launched on Jan 10, 2024 and is issued by Langar.