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

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the target of a large drop in short interest in 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. Based on an average daily volume of 6,473 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.6% of the shares of the stock are sold short.

First Trust Indxx Medical Devices ETF Price Performance

MDEV stock opened at $21.45 on Friday. First Trust Indxx Medical Devices ETF has a 1 year low of $17.85 and a 1 year high of $21.82. The firm has a market capitalization of $2.15 million, a PE ratio of 29.75 and a beta of 1.05. The business has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $19.54.

Institutional Trading of First Trust Indxx Medical Devices ETF

A hedge fund recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC boosted its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,956 shares of the company’s stock after buying an additional 5,682 shares during the period. Jane Street Group LLC owned approximately 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent quarter.

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.