First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Short Interest Drops 82.9%

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 312 shares, a decrease of 82.9% from the September 15th total of 1,823 shares. Based on an average trading volume of 678 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Indxx Medical Devices ETF Trading Up 1.4%

Shares of BATS:MDEV traded up $0.28 on Friday, reaching $20.88. 219 shares of the company were exchanged, compared to its average volume of 1,322. The company has a 50-day moving average of $20.91 and a 200-day moving average of $19.72. 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 cap of $2.09 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.