The Robo Global Healthcare Technology and Innovation ETF (HTEC) experienced a slight decrease in its shares during mid-day trading on Tuesday, with a 0.7% decline. The stock reached its lowest point at $27.79 before being last traded at $27.86. Despite this, trading volume was significantly higher than the average, with 24,415 shares traded, an increase of 118%.
With a market capitalization of $63.52 million and a price-to-earnings ratio of 23.97, HTEC is considered a significant player in the market. Its beta of 1.16 indicates that it is somewhat sensitive to changes in the broader market. Additionally, HTEC has a simple moving average of $27.33 for the past 50 days and $27.04 for the past 200 days, which suggests that it has been relatively stable over time.
HTEC is an exchange-traded fund (ETF) that invests primarily in health care equity through a proprietary index of global health care technology companies. It was launched on June 25, 2019 by ROBO Global and aims to provide investors with exposure to innovative companies in the health care technology sector. For more news and analysis on HTEC and other investment opportunities, subscribe to receive daily updates and ratings from MarketBeat.com for free.
