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 in 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 trading volume of 5,865 shares, the days-to-cover ratio is presently 1.4 days. Approximately 8.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,956 shares of the company’s stock after buying 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 at the end of the most recent quarter.

First Trust Indxx Medical Devices ETF Trading Up 0.8%

BATS:MDEV traded up $0.15 during trading hours on Friday, hitting $19.76. 604 shares of the company traded hands, compared to its average volume of 1,138. First Trust Indxx Medical Devices ETF has a twelve month low of $17.85 and a twelve month high of $21.82. The firm has a 50-day moving average of $18.84 and a 200 day moving average of $19.74. The stock 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.