First Trust Indxx Medical Devices ETF (BATS:MDEV) Sees Significant Decline in Short Interest

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 140 shares, a decline of 90.2% from the August 15th total of 1,429 shares. Based on an average daily volume of 978 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Indxx Medical Devices ETF Trading Down 1.8%

Shares of BATS:MDEV traded down $0.37 during trading on Thursday, reaching $19.98. The company had a trading volume of 1,757 shares, compared to its average volume of 1,425. The company has a fifty day moving average of $20.53 and a two-hundred day moving average of $19.60. The stock has a market capitalization of $2.00 million, a P/E ratio of 29.75 and a beta of 1.05. First Trust Indxx Medical Devices ETF has a 12 month low of $17.85 and a 12 month high of $21.82.

Institutional Investors 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 lifted its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the fourth 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 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 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.