Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Trading Down 0.7% – Time to Sell?

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC)’s stock price traded down 0.7% on Thursday . The company traded as low as $10.68 and last traded at $10.70. 6,438 shares were traded during mid-day trading, a decline of 72% from the average session volume of 22,628 shares. The stock had previously closed at $10.78.

Global X Telemedicine & Digital Health ETF Stock Down 0.7%

The stock has a market cap of $38.63 million, a price-to-earnings ratio of 38.65 and a beta of 0.88. The stock’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $10.08.

Institutional Trading of Global X Telemedicine & Digital Health ETF

A hedge fund recently raised its stake in Global X Telemedicine & Digital Health ETF stock. Flow Traders U.S. LLC grew its stake in Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) by 246.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,884 shares of the company’s stock after purchasing an additional 58,978 shares during the quarter. Flow Traders U.S. LLC owned approximately 2.30% of Global X Telemedicine & Digital Health ETF worth $783,000 as of its most recent SEC filing.

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.