Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) Trading Up 1% – Still a Buy?

Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) shares were up 1% during mid-day trading on Wednesday . The company traded as high as $10.27 and last traded at $10.23. Approximately 9,674 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 24,744 shares. The stock had previously closed at $10.14.

Global X Telemedicine & Digital Health ETF Stock Up 1.0%

The company has a market cap of $36.94 million, a P/E ratio of 42.80 and a beta of 0.88. The stock has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.27.

Hedge Funds Weigh In On Global X Telemedicine & Digital Health ETF

An institutional investor recently raised its position in Global X Telemedicine & Digital Health ETF stock. Flow Traders U.S. LLC boosted its stake in shares of Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) by 246.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,884 shares of the company’s stock after acquiring an additional 58,978 shares during the period. Flow Traders U.S. LLC owned 2.30% of Global X Telemedicine & Digital Health ETF worth $783,000 at the end of the most recent reporting period.

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.