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

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,600 shares, a decline of 81.3% from the February 13th total of 19,200 shares. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Global X Telemedicine & Digital Health ETF Stock Performance

Shares of EDOC traded down $0.15 during trading hours on Wednesday, reaching $9.78. The stock had a trading volume of 12,085 shares, compared to its average volume of 21,742. The stock has a market capitalization of $35.31 million, a PE ratio of 39.80 and a beta of 0.88. Global X Telemedicine & Digital Health ETF has a 12 month low of $8.41 and a 12 month high of $11.91. The company’s 50-day moving average is $10.66 and its two-hundred day moving average is $10.11.

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.