Short Interest in Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Drops By 98.2%

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 5,700 shares, a drop of 98.2% from the October 15th total of 314,500 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 0.2 days.

Global X Telemedicine & Digital Health ETF Price Performance

Shares of NASDAQ:EDOC traded down $0.32 during midday trading on Thursday, reaching $9.63. The company had a trading volume of 11,696 shares, compared to its average volume of 27,141. Global X Telemedicine & Digital Health ETF has a one year low of $8.41 and a one year high of $10.31. The stock has a market capitalization of $41.51 million, a P/E ratio of 23.44 and a beta of 0.88. The stock’s fifty day moving average price is $9.67 and its 200-day moving average price is $9.30.

About Global X Telemedicine & Digital Health ETF

The Global X Telemedicine & Digital Health ETF (EDOC) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a market-cap weighted index of companies in the global health care industry with high exposure to telemedicine & digital health. EDOC was launched on Jul 29, 2020 and is managed by Global X.