Short Interest in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Decreases By 7.7%

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 4,800 shares, a drop of 7.7% from the July 15th total of 5,200 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 12.0 days.

Institutional Investors Weigh In On First Trust Nasdaq Lux Digital Health Solutions ETF

A hedge fund recently raised its stake in First Trust Nasdaq Lux Digital Health Solutions ETF stock. SRS Capital Advisors Inc. increased its stake in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 275.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,251 shares of the company’s stock after purchasing an additional 11,187 shares during the period. SRS Capital Advisors Inc. owned 30.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

First Trust Nasdaq Lux Digital Health Solutions ETF Price Performance

First Trust Nasdaq Lux Digital Health Solutions ETF stock opened at $16.41 on Monday. First Trust Nasdaq Lux Digital Health Solutions ETF has a 1-year low of $11.98 and a 1-year high of $16.99. The business has a fifty day moving average price of $15.80 and a 200-day moving average price of $16.04. The stock has a market capitalization of $2.46 million, a price-to-earnings ratio of 36.47 and a beta of 1.59.

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.