Horizon Kinetics Medical ETF (NASDAQ:MEDX) Sees Large Growth in Short Interest

Horizon Kinetics Medical ETF (NASDAQ:MEDX) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 3,597 shares, an increase of 48.8% from the February 26th total of 2,418 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 4,224 shares, the days-to-cover ratio is presently 0.9 days.

Horizon Kinetics Medical ETF Trading Down 1.5%

Shares of NASDAQ MEDX traded down $0.49 during mid-day trading on Friday, reaching $32.12. The company had a trading volume of 951 shares, compared to its average volume of 2,321. The company has a 50-day moving average price of $33.89 and a two-hundred day moving average price of $32.75. The stock has a market cap of $18.31 million, a PE ratio of 19.02 and a beta of 0.62. Horizon Kinetics Medical ETF has a 1-year low of $23.46 and a 1-year high of $35.46.

About Horizon Kinetics Medical ETF

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.