Horizon Kinetics Medical ETF (NASDAQ:MEDX) Sees Significant Decline in Short Interest

Horizon Kinetics Medical ETF (NASDAQ:MEDX) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,320 shares, a drop of 23.3% from the March 31st total of 4,327 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,889 shares, the short-interest ratio is presently 1.8 days.

Horizon Kinetics Medical ETF Stock Performance

NASDAQ:MEDX traded down $0.19 during mid-day trading on Friday, hitting $32.50. 680 shares of the stock were exchanged, compared to its average volume of 2,118. The stock has a market capitalization of $17.55 million, a price-to-earnings ratio of 19.02 and a beta of 0.60. The firm’s 50-day simple moving average is $33.35 and its 200 day simple moving average is $33.20. Horizon Kinetics Medical ETF has a fifty-two week low of $24.79 and a fifty-two week high of $35.46.

Horizon Kinetics Medical ETF Company Profile

The Horizon Kinetics Medical ETF (MEDX) is an exchange-traded fund that mostly invests in health care equity. The fund actively invests in global companies within the broad health care sector. Stock selection and weighting emphasizes those invested in cancer research and pharmaceutical developments. MEDX was launched on Jan 27, 2023 and is managed by Horizon Kinetics.