First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Sees Significant Decrease in Short Interest

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,300 shares, a decrease of 13.3% from the February 13th total of 1,500 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On First Trust Nasdaq Lux Digital Health Solutions ETF

A hedge fund recently raised its stake in First Trust Nasdaq Lux Digital Health Solutions ETF stock. SRS Capital Advisors Inc. grew its holdings in shares of First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,247 shares of the company’s stock after buying an additional 2,475 shares during the quarter. SRS Capital Advisors Inc. owned 25.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $649,000 as of its most recent SEC filing.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Up 0.9 %

NASDAQ EKG opened at $16.10 on Thursday. The stock has a market cap of $2.42 million, a PE ratio of 41.02 and a beta of 1.44. First Trust Nasdaq Lux Digital Health Solutions ETF has a fifty-two week low of $15.23 and a fifty-two week high of $18.84. The business has a 50 day moving average price of $17.69 and a two-hundred day moving average price of $17.34.

About First Trust Nasdaq Lux Digital Health Solutions ETF

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.