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

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

Langar Global HealthTech ETF Stock Up 0.1%

Shares of Langar Global HealthTech ETF stock traded up $0.01 during midday trading on Friday, hitting $8.21. The company had a trading volume of 117 shares, compared to its average volume of 2,849. The stock has a market cap of $2.38 million, a price-to-earnings ratio of 33.43 and a beta of 0.64. The company has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $9.26. Langar Global HealthTech ETF has a 12-month low of $7.94 and a 12-month 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.