Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Sees Large Drop in Short Interest

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,800 shares, a decrease of 6.4% from the December 15th total of 9,400 shares. Based on an average daily trading volume, of 32,900 shares, the days-to-cover ratio is presently 0.3 days.

Global X Telemedicine & Digital Health ETF Stock Performance

NASDAQ:EDOC remained flat at $10.27 during trading hours on Monday. 9,303 shares of the company’s stock were exchanged, compared to its average volume of 30,964. The company has a market capitalization of $38.10 million, a price-to-earnings ratio of 23.44 and a beta of 0.88. The stock has a fifty day moving average price of $10.11 and a 200-day moving average price of $9.62. Global X Telemedicine & Digital Health ETF has a 1-year low of $8.41 and a 1-year high of $10.65.

Global X Telemedicine & Digital Health ETF Company Profile

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.