First Trust Indxx Medical Devices ETF (BATS:MDEV – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 8,029 shares, an increase of 33,354.2% from the June 15th total of 24 shares. Based on an average trading volume of 5,865 shares, the days-to-cover ratio is presently 1.4 days. Currently, 8.0% of the company’s stock are sold short.
Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF
A hedge fund recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC increased its position in First Trust Indxx Medical Devices ETF (BATS:MDEV – Free Report) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the period. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent reporting period.
First Trust Indxx Medical Devices ETF Trading Up 0.8%
MDEV stock traded up $0.15 during midday trading on Friday, hitting $19.76. 604 shares of the company’s stock were exchanged, compared to its average volume of 1,138. First Trust Indxx Medical Devices ETF has a 12-month low of $17.85 and a 12-month high of $21.82. The firm has a 50 day moving average price of $18.84 and a 200-day moving average price of $19.74. The stock has a market capitalization of $1.98 million, a price-to-earnings ratio of 29.75 and a beta of 1.05.
First Trust Indxx Medical Devices ETF Company Profile
The First Trust Indxx Global Medical Devices ETF (MDEV) is an exchange-traded fund that is based on the Indxx Global Medical Equipment index. The fund tracks an equal-weighted index that gives global exposure to the medical equipment industry. MDEV was launched on Jun 22, 2021 and is managed by First Trust.
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