Short Interest in ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Rises By 1,022.4%

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 12,201 shares, an increase of 1,022.4% from the August 15th total of 1,087 shares. Based on an average daily volume of 41,152 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are sold short.

ROBO Global Healthcare Technology and Innovation ETF Trading Down 1.8%

Shares of HTEC stock traded down $0.74 during trading on Thursday, reaching $40.42. 56,424 shares of the company’s stock traded hands, compared to its average volume of 14,980. The company has a market capitalization of $72.76 million, a P/E ratio of -11,296.81 and a beta of 1.05. The firm’s 50-day moving average is $40.21 and its 200 day moving average is $36.32. ROBO Global Healthcare Technology and Innovation ETF has a 1 year low of $29.75 and a 1 year high of $43.78.

Institutional Investors Weigh In On ROBO Global Healthcare Technology and Innovation ETF

A hedge fund recently bought a new position in ROBO Global Healthcare Technology and Innovation ETF stock. Capital Square LLC bought a new position in shares of ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,346 shares of the company’s stock, valued at approximately $319,000. Capital Square LLC owned approximately 0.46% of ROBO Global Healthcare Technology and Innovation ETF at the end of the most recent reporting period. 1.96% of the stock is owned by institutional investors and hedge funds.

About ROBO Global Healthcare Technology and Innovation ETF

The Robo Global Healthcare Technology and Innovation ETF (HTEC) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a proprietary index of global health care technology companies. HTEC was launched on Jun 25, 2019 and is managed by ROBO Global.