First Trust Indxx Medical Devices ETF (BATS:MDEV) Short Interest Down 90.2% in August

First Trust Indxx Medical Devices ETF (BATS:MDEV) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 140 shares, a decline of 90.2% from the August 15th total of 1,429 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 978 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Indxx Medical Devices ETF Price Performance

Shares of MDEV opened at $19.98 on Friday. First Trust Indxx Medical Devices ETF has a 1 year low of $17.85 and a 1 year high of $21.82. The stock has a 50 day simple moving average of $20.53 and a two-hundred day simple moving average of $19.59. The firm has a market cap of $2.00 million, a P/E ratio of 29.75 and a beta of 1.05.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

A hedge fund recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC increased 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 13F filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the quarter. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

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.