Global X HealthTech ETF (NASDAQ:HEAL) Sees Large Growth in Short Interest

Global X HealthTech ETF (NASDAQ:HEAL) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 3,038 shares, an increase of 96.4% from the February 12th total of 1,547 shares. Based on an average daily volume of 15,092 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 15,092 shares, the days-to-cover ratio is presently 0.2 days.

Global X HealthTech ETF Stock Down 0.2%

HEAL traded down $0.04 during trading on Friday, hitting $24.78. The company’s stock had a trading volume of 17,296 shares, compared to its average volume of 15,337. The firm’s 50 day moving average price is $27.84 and its two-hundred day moving average price is $30.14. Global X HealthTech ETF has a 12 month low of $24.48 and a 12 month high of $34.20. The stock has a market capitalization of $32.96 million, a price-to-earnings ratio of 42.80 and a beta of 1.13.

Global X HealthTech ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a $0.0718 dividend. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Global X HealthTech ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Glenmede Investment Management LP acquired a new stake in shares of Global X HealthTech ETF during the 3rd quarter worth approximately $31,000. AE Wealth Management LLC acquired a new position in Global X HealthTech ETF in the third quarter valued at approximately $34,000. Banque Cantonale Vaudoise acquired a new position in Global X HealthTech ETF in the third quarter valued at approximately $37,000. EverSource Wealth Advisors LLC boosted its stake in Global X HealthTech ETF by 26,522.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,396 shares of the company’s stock valued at $70,000 after acquiring an additional 2,387 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in Global X HealthTech ETF in the fourth quarter valued at approximately $111,000.

About Global X HealthTech ETF

An ETF that invests in companies at the intersection of healthcare and technology, targeting innovations in drug discovery, medical devices, consumer healthcare, and analytics.