First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Stock Price Down 2% – Time to Sell?

Shares of First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) fell 2% during mid-day trading on Thursday . The stock traded as low as $19.70 and last traded at $19.70. Approximately 1,441 shares were traded during trading, an increase of 94% from the average daily volume of 743 shares. The stock had previously closed at $20.11.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Down 2.0%

The company has a market cap of $3.94 million, a P/E ratio of 38.88 and a beta of 1.29. The business’s 50 day moving average is $18.70 and its 200 day moving average is $17.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF in the 4th quarter worth $38,000. Cetera Investment Advisers bought a new stake in First Trust Nasdaq Lux Digital Health Solutions ETF during the second quarter valued at about $516,000. Finally, Jane Street Group LLC boosted its position in First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% during the first 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 in the last quarter.

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.