Short Interest in First Trust Indxx Medical Devices ETF (BATS:MDEV) Rises By ∞

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 42 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily trading volume, of 542 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

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 raised its position in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the quarter. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 as of its most recent SEC filing.

First Trust Indxx Medical Devices ETF Stock Performance

Shares of BATS:MDEV opened at $17.85 on Friday. First Trust Indxx Medical Devices ETF has a fifty-two week low of $17.85 and a fifty-two week high of $21.82. The business has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $20.28. The firm has a market cap of $1.79 million, a price-to-earnings ratio of 29.75 and a beta of 1.05.

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.