First Trust Indxx Medical Devices ETF (BATS:MDEV) Sees Large Increase in Short Interest

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a significant increase in short interest in 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. Based on an average daily volume of 731 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.8% of the company’s shares are short sold.

First Trust Indxx Medical Devices ETF Stock Performance

MDEV traded up $0.10 during trading on Thursday, hitting $20.71. 172 shares of the stock were exchanged, compared to its average volume of 1,392. The firm has a 50 day simple moving average of $20.67 and a 200 day simple moving average of $19.59. The firm has a market cap of $2.07 million, a price-to-earnings ratio of 29.75 and a beta of 1.05. First Trust Indxx Medical Devices ETF has a 1 year low of $17.85 and a 1 year high of $21.82.

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.