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

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a large 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. Approximately 8.0% of the shares of the company are short sold. Based on an average daily volume of 5,865 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC lifted 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 filing with the Securities and Exchange Commission. The institutional investor owned 28,956 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

First Trust Indxx Medical Devices ETF Stock Performance

Shares of MDEV traded up $0.15 during trading hours on Friday, reaching $19.76. 604 shares of the company traded hands, compared to its average volume of 1,138. The stock’s fifty day moving average is $18.80 and its 200 day moving average is $19.74. The stock has a market cap of $1.98 million, a P/E ratio of 29.75 and a beta of 1.05. First Trust Indxx Medical Devices ETF has a 1-year low of $17.85 and a 1-year high of $21.82.

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.