Short Interest in First Trust Indxx Medical Devices ETF (BATS:MDEV) Declines By 82.6%

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 24 shares, a decrease of 82.6% from the May 31st total of 138 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,641 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Indxx Medical Devices ETF Trading Up 1.0%

MDEV opened at $19.42 on Friday. First Trust Indxx Medical Devices ETF has a 12 month low of $17.85 and a 12 month high of $21.82. The company has a market cap of $1.94 million, a PE ratio of 29.75 and a beta of 1.05. The company has a 50 day moving average of $18.77 and a 200 day moving average of $19.84.

Hedge Funds Weigh In On 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 lifted its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the quarter. Jane Street Group LLC owned 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 as of its most recent SEC filing.

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.