First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Shorted: Short Interest Up 1,202.1% in September

First Trust Indxx Medical Devices ETF (BATS:MDEV – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,823 shares, an increase of 1,202.1% from the August 31st total of 140 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 731 shares, the short-interest ratio is currently 2.5 days.

First Trust Indxx Medical Devices ETF Stock Up 0.5%

MDEV stock traded up $0.10 during trading on Thursday, hitting $20.71. The company had a trading volume of 172 shares, compared to its average volume of 1,392. The firm has a market capitalization of $2.07 million, a P/E ratio of 29.75 and a beta of 1.05. First Trust Indxx Medical Devices ETF has a 52-week low of $17.85 and a 52-week high of $21.82. The company has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $19.59.

About First Trust Indxx Medical Devices ETF

(Get Free Report)

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.

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