(EDOC) Global X Telemedicine - Ratings and Ratios

The Global X Telemedicine & Digital Health ETF (NASDAQ:EDOC) is designed to track the performance of companies poised to benefit from the growth and innovation in telemedicine and digital health. These companies operate in areas such as remote patient monitoring, telehealth platforms, and digital therapeutics. The fund is based on an index developed by Solactive AG, which identifies and includes exchange-listed firms aligned with these themes. The ETF employs a passive management strategy, aiming to replicate the performance of its underlying index rather than actively selecting securities. As a non-diversified fund, it may concentrate its holdings in a smaller number of issuers.

From a technical perspective, EDOC has shown recent price weakness, with its last price of $10.24 falling below its 20-day SMA of $11.00. However, the 50-day SMA of $10.63 suggests some stabilization in the intermediate term. The 200-day SMA of $9.75 indicates that the fund is still in an upward trend over the longer term. The Average True Range (ATR) of 0.26 reflects moderate volatility. Average daily trading volume over the past 20 days has been 16,482 shares, indicating limited liquidity.

Fundamentally, the ETF has assets under management (AUM) of $40.49 million, placing it in the smaller category of ETFs. This smaller size may result in higher sensitivity to market movements and potentially wider bid-ask spreads. Despite this, the fund provides targeted exposure to the telemedicine and digital health sector, which has seen increased adoption due to structural shifts in healthcare delivery.