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

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 9,400 shares, a growth of 571.4% from the November 30th total of 1,400 shares. Based on an average daily volume of 30,500 shares, the short-interest ratio is presently 0.3 days.

Global X Telemedicine & Digital Health ETF Price Performance

Shares of NASDAQ:EDOC traded up $0.14 during midday trading on Thursday, hitting $10.22. The company had a trading volume of 12,091 shares, compared to its average volume of 26,731. Global X Telemedicine & Digital Health ETF has a twelve month low of $8.41 and a twelve month high of $10.65. The stock has a market cap of $44.05 million, a price-to-earnings ratio of 23.44 and a beta of 0.88. The business’s 50-day simple moving average is $9.97 and its 200-day simple moving average is $9.49.

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.