First Trust Indxx Medical Devices ETF (BATS:MDEV – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,593 shares, a drop of 76.1% from the July 15th total of 6,662 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 6,473 shares, the days-to-cover ratio is currently 0.2 days.
First Trust Indxx Medical Devices ETF Trading Down 0.0%
BATS MDEV opened at $21.41 on Thursday. The stock’s 50 day moving average is $19.58 and its 200 day moving average is $19.53. First Trust Indxx Medical Devices ETF has a 12 month low of $17.85 and a 12 month high of $21.82. The stock has a market cap of $2.14 million, a PE ratio of 29.75 and a beta of 1.05.
Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF
A hedge fund recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC lifted its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV – Free Report) by 38.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,812 shares of the company’s stock after buying an additional 5,756 shares during the quarter. Jane Street Group LLC owned approximately 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 at the end of the most recent reporting period.
About First Trust Indxx Medical Devices ETF
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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