ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Sees Significant Decrease in Short Interest

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,087 shares, a decline of 41.3% from the July 30th total of 1,851 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 23,511 shares, the short-interest ratio is currently 0.0 days.

ROBO Global Healthcare Technology and Innovation ETF Price Performance

Shares of ROBO Global Healthcare Technology and Innovation ETF stock traded down $0.31 on Monday, hitting $42.40. 3,302 shares of the company’s stock traded hands, compared to its average volume of 14,846. The company has a fifty day moving average of $39.30 and a two-hundred day moving average of $35.89. ROBO Global Healthcare Technology and Innovation ETF has a one year low of $29.75 and a one year high of $43.78. The company has a market capitalization of $76.32 million, a price-to-earnings ratio of -11,850.20 and a beta of 1.04.

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 acquired a new position in ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.96% of the company’s stock.

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.