First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Sees Significant Growth in Short Interest

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 11,524 shares, an increase of 148.4% from the August 15th total of 4,640 shares. Approximately 5.8% of the shares of the company are short sold. Based on an average daily volume of 2,385 shares, the days-to-cover ratio is currently 4.8 days.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Performance

Shares of EKG traded up $0.18 during trading hours on Friday, hitting $21.35. The stock had a trading volume of 547 shares, compared to its average volume of 893. The firm has a 50-day moving average price of $20.59 and a 200 day moving average price of $18.28. First Trust Nasdaq Lux Digital Health Solutions ETF has a fifty-two week low of $15.71 and a fifty-two week high of $22.62. The firm has a market capitalization of $4.27 million, a price-to-earnings ratio of 38.88 and a beta of 1.30.

Institutional Inflows and Outflows

A hedge fund recently raised its position in First Trust Nasdaq Lux Digital Health Solutions ETF stock. Jane Street Group LLC raised its position in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,770 shares of the company’s stock after buying an additional 2,353 shares during the period. Jane Street Group LLC owned about 14.39% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $450,000 at the end of the most recent reporting period.

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.