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 grew its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent quarter.

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.