First Trust Indxx Medical Devices ETF (BATS:MDEV) Short Interest Update

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,823 shares, an increase of 1,202.1% from the August 31st total of 140 shares. Based on an average trading volume of 731 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.8% of the shares of the company are short sold.

First Trust Indxx Medical Devices ETF Stock Up 0.5%

First Trust Indxx Medical Devices ETF stock traded up $0.11 during midday trading on Friday, reaching $20.82. The stock had a trading volume of 15 shares, compared to its average volume of 1,384. The firm has a market capitalization of $2.08 million, a PE ratio of 29.75 and a beta of 1.05. The firm’s 50-day moving average price is $20.71 and its 200 day moving average price is $19.60. First Trust Indxx Medical Devices ETF has a 12 month low of $17.85 and a 12 month high of $21.82.

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.