ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Stock Short Interest Jumps 381.4%

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 12,930 shares, a growth of 381.4% from the October 15th total of 2,686 shares. Based on an average daily trading volume, of 59,242 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are short sold.

ROBO Global Healthcare Technology and Innovation ETF Price Performance

HTEC traded up $0.10 during trading on Wednesday, reaching $45.08. 29,798 shares of the company’s stock were exchanged, compared to its average volume of 26,233. ROBO Global Healthcare Technology and Innovation ETF has a 1 year low of $31.84 and a 1 year high of $47.25. The company’s fifty day simple moving average is $43.59 and its 200-day simple moving average is $37.90. The stock has a market capitalization of $111.34 million, a P/E ratio of -12,602.01 and a beta of 1.06.

Institutional Inflows and Outflows

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