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

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 138 shares, an increase of 187.5% from the May 14th total of 48 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 299 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Indxx Medical Devices ETF Stock Performance

Shares of BATS MDEV traded down $0.09 during trading on Friday, reaching $18.81. The stock had a trading volume of 56 shares, compared to its average volume of 442. First Trust Indxx Medical Devices ETF has a one year low of $17.85 and a one year high of $21.82. The stock has a market cap of $1.88 million, a PE ratio of 29.75 and a beta of 1.05. The firm’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $20.02.

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 lifted its holdings in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,956 shares of the company’s stock after buying an additional 5,682 shares during the quarter. Jane Street Group LLC owned approximately 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 as of its most recent filing with the SEC.

First Trust Indxx Medical Devices ETF Company Profile

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.