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

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG)’s stock price fell 2% on Thursday . The company traded as low as $19.70 and last traded at $19.70. Approximately 1,441 shares were traded during mid-day 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 Trading Down 2.0%

The stock has a market cap of $3.94 million, a PE ratio of 38.88 and a beta of 1.29. The business’s 50-day moving average price is $18.70 and its 200-day moving average price is $17.71.

Hedge Funds Weigh In On First Trust Nasdaq Lux Digital Health Solutions ETF

Several institutional investors and hedge funds have recently bought and sold shares of EKG. Sound Income Strategies LLC acquired a new position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF during the fourth quarter worth $38,000. Jane Street Group LLC boosted its position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF by 8.9% in the 1st quarter. Jane Street Group LLC now owns 28,770 shares of the company’s stock worth $450,000 after purchasing an additional 2,353 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in First Trust Nasdaq Lux Digital Health Solutions ETF during the 2nd quarter worth $516,000.

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.