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

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 138 shares, a growth of 187.5% from the May 14th total of 48 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 299 shares, the short-interest ratio is presently 0.5 days.

First Trust Indxx Medical Devices ETF Price Performance

First Trust Indxx Medical Devices ETF stock remained flat at $18.90 during trading hours on Friday. The company’s stock had a trading volume of 178 shares, compared to its average volume of 447. The company has a market cap of $1.89 million, a PE 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. The firm has a fifty day simple moving average of $18.89 and a two-hundred day simple moving average of $20.03.

Institutional Trading of 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 raised its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the period. Jane Street Group LLC owned about 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 at the end of the most recent reporting period.

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.