Short Interest in First Trust Indxx Medical Devices ETF (BATS:MDEV) Drops By 76.1%

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a significant drop in short interest during 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 company are sold short. Based on an average trading volume of 6,473 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds 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 boosted its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,956 shares of the company’s stock after buying an additional 5,682 shares during the quarter. Jane Street Group LLC owned approximately 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 First Trust Indxx Medical Devices ETF stock opened at $21.44 on Friday. The business’s fifty day simple moving average is $19.63 and its 200 day simple 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 firm has a market capitalization of $2.14 million, a P/E 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.