Langar Global HealthTech ETF (NYSEARCA:LGHT) Sees Large Drop in Short Interest

Langar Global HealthTech ETF (NYSEARCA:LGHT) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 153 shares, a decrease of 52.9% from the May 14th total of 325 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 375 shares, the days-to-cover ratio is presently 0.4 days.

Langar Global HealthTech ETF Stock Performance

Shares of NYSEARCA:LGHT traded up $0.01 on Friday, hitting $8.21. 117 shares of the company’s stock were exchanged, compared to its average volume of 2,849. The firm’s 50-day moving average is $8.39 and its 200 day moving average is $9.27. The company has a market capitalization of $2.38 million, a PE ratio of 33.43 and a beta of 0.64. Langar Global HealthTech ETF has a 1-year low of $7.94 and a 1-year high of $10.66.

Langar Global HealthTech ETF Company Profile

The Langar Global HealthTech ETF (LGHT) is an exchange-traded fund that mostly invests in health care equity. The fund seeks long-term capital growth from an actively managed portfolio of healthcare technology companies worldwide. LGHT was launched on Jan 10, 2024 and is issued by Langar.