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

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

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 boosted its holdings in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,956 shares of the company’s stock after acquiring an additional 5,682 shares during the period. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent reporting period.

First Trust Indxx Medical Devices ETF Stock Up 1.6%

First Trust Indxx Medical Devices ETF stock opened at $19.22 on Friday. First Trust Indxx Medical Devices ETF has a 52-week low of $17.85 and a 52-week high of $21.82. The firm has a market capitalization of $1.92 million, a price-to-earnings ratio of 29.75 and a beta of 1.05. The company has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $19.84.

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.