First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Up 0.5% – What’s Next?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price shot up 0.5% during mid-day trading on Monday . The stock traded as high as $19.70 and last traded at $19.70. 459 shares were traded during mid-day trading, an increase of 43% from the average session volume of 321 shares. The stock had previously closed at $19.60.

First Trust Indxx Medical Devices ETF Trading Up 0.5%

The stock has a 50-day simple moving average of $20.91 and a two-hundred day simple moving average of $20.75. The firm has a market capitalization of $1.97 million, a P/E ratio of 29.75 and a beta of 1.05.

Hedge Funds Weigh In On 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 lifted its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,956 shares of the company’s stock after acquiring an additional 5,682 shares during the quarter. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 as of its most recent SEC filing.

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.