ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Shares Down 0.5% – Here’s What Happened

ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) shares fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $36.45 and last traded at $37.05. 10,051 shares changed hands during trading, an increase of 54% from the average session volume of 6,526 shares. The stock had previously closed at $37.23.

ROBO Global Healthcare Technology and Innovation ETF Stock Performance

The stock has a market cap of $55.58 million, a price-to-earnings ratio of -10,354.95 and a beta of 1.11. The company has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $32.45.

ROBO Global Healthcare Technology and Innovation ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.3463 per share. This represents a yield of 97.0%. The ex-dividend date was Tuesday, December 30th. ROBO Global Healthcare Technology and Innovation ETF’s payout ratio is presently -558.97%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ROBO Global Healthcare Technology and Innovation ETF stock. Flow Traders U.S. LLC acquired a new position in shares of ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,631 shares of the company’s stock, valued at approximately $1,302,000. Flow Traders U.S. LLC owned about 3.00% of ROBO Global Healthcare Technology and Innovation ETF at the end of the most recent reporting period. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

ROBO Global Healthcare Technology and Innovation ETF Company Profile

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.