Short Interest in Horizon Kinetics Medical ETF (NASDAQ:MEDX) Decreases By 84.1%

Horizon Kinetics Medical ETF (NASDAQ:MEDX) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 188 shares, a drop of 84.1% from the December 31st total of 1,180 shares. Based on an average trading volume of 777 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 777 shares, the short-interest ratio is currently 0.2 days.

Horizon Kinetics Medical ETF Stock Up 0.5%

MEDX stock traded up $0.18 during midday trading on Tuesday, reaching $34.00. The company had a trading volume of 912 shares, compared to its average volume of 2,718. The firm has a market capitalization of $19.38 million, a PE ratio of 19.02 and a beta of 0.62. The stock has a 50 day moving average price of $33.47 and a 200 day moving average price of $31.03. Horizon Kinetics Medical ETF has a fifty-two week low of $23.46 and a fifty-two week high of $34.29.

Horizon Kinetics Medical ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid a $0.4088 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a dividend yield of 122.0%.

Horizon Kinetics Medical ETF Company Profile

The Horizon Kinetics Medical ETF (MEDX) is an exchange-traded fund that mostly invests in health care equity. The fund actively invests in global companies within the broad health care sector. Stock selection and weighting emphasizes those invested in cancer research and pharmaceutical developments. MEDX was launched on Jan 27, 2023 and is managed by Horizon Kinetics.