Short Interest in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Decreases By 50.0%

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 100 shares, a drop of 50.0% from the March 31st total of 200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Nasdaq Lux Digital Health Solutions ETF

A hedge fund recently raised its stake in First Trust Nasdaq Lux Digital Health Solutions ETF stock. SRS Capital Advisors Inc. boosted its stake in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,247 shares of the company’s stock after acquiring an additional 2,475 shares during the period. SRS Capital Advisors Inc. owned 25.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $649,000 at the end of the most recent reporting period.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Performance

Shares of NASDAQ EKG traded up $0.09 during midday trading on Monday, reaching $15.89. 134 shares of the company’s stock were exchanged, compared to its average volume of 627. The stock has a market capitalization of $2.38 million, a PE ratio of 35.98 and a beta of 1.59. First Trust Nasdaq Lux Digital Health Solutions ETF has a 52-week low of $13.87 and a 52-week high of $18.84. The business’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $17.05.

First Trust Nasdaq Lux Digital Health Solutions ETF Company Profile

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.