First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Down 0.3% – What’s Next?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s share price traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $20.23 and last traded at $20.41. 222 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 788 shares. The stock had previously closed at $20.46.

First Trust Indxx Medical Devices ETF Stock Performance

The company’s 50-day moving average is $21.22 and its 200-day moving average is $21.36. The firm has a market cap of $2.04 million, a price-to-earnings ratio of 36.64 and a beta of 1.12.

Hedge Funds 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 increased its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,186 shares of the company’s stock after purchasing an additional 7,418 shares during the period. Jane Street Group LLC owned 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 as of its most recent SEC filing.

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.