First Trust Indxx Medical Devices ETF (BATS:MDEV) Sees Significant Decline in Short Interest

First Trust Indxx Medical Devices ETF (BATS:MDEV) was the target of a large decline in short interest in 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. Based on an average trading volume of 978 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC boosted its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the period. Jane Street Group LLC owned approximately 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 at the end of the most recent quarter.

First Trust Indxx Medical Devices ETF Price Performance

MDEV stock opened at $20.02 on Friday. The company has a market capitalization of $2.00 million, a P/E ratio of 29.75 and a beta of 1.05. First Trust Indxx Medical Devices ETF has a 12 month low of $17.85 and a 12 month high of $21.82. The firm’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $19.60.

First Trust Indxx Medical Devices ETF Company Profile

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.