First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Sees Significant Growth in Short Interest

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 9,257 shares, an increase of 97.4% from the April 30th total of 4,689 shares. Based on an average daily trading volume, of 819 shares, the short-interest ratio is currently 11.3 days. Approximately 6.2% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Lux Digital Health Solutions ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC purchased a new stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF during the 4th quarter valued at about $38,000. Jane Street Group LLC increased its position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% during the 1st quarter. Jane Street Group LLC now owns 28,770 shares of the company’s stock valued at $450,000 after purchasing an additional 2,353 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF during the 2nd quarter valued at about $516,000.

First Trust Nasdaq Lux Digital Health Solutions ETF Price Performance

EKG opened at $17.51 on Tuesday. The stock has a 50-day moving average price of $16.47 and a 200-day moving average price of $17.91. The firm has a market cap of $2.63 million, a PE ratio of 38.88 and a beta of 1.32. First Trust Nasdaq Lux Digital Health Solutions ETF has a 1 year low of $15.71 and a 1 year high of $20.30.

First Trust Nasdaq Lux Digital Health Solutions ETF Company Profile

The First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is an exchange-traded fund that is based on the NASDAQ Lux Health Tech index. The fund tracks a market cap-weighted index of globally-listed companies engaged in digital health technologies. EKG was launched on Mar 22, 2022 and is managed by First Trust.