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

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,029 shares, a growth of 33,354.2% from the June 15th total of 24 shares. Based on an average daily volume of 5,865 shares, the days-to-cover ratio is presently 1.4 days. Currently, 8.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC increased its position in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the company’s stock after acquiring an additional 5,682 shares during the quarter. Jane Street Group LLC owned about 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent quarter.

First Trust Indxx Medical Devices ETF Trading Up 0.8%

Shares of First Trust Indxx Medical Devices ETF stock traded up $0.15 during midday trading on Friday, reaching $19.76. The company had a trading volume of 604 shares, compared to its average volume of 1,138. The stock has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $19.74. First Trust Indxx Medical Devices ETF has a 1-year low of $17.85 and a 1-year high of $21.82. The company 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.