First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Sees Significant Decrease in Short Interest

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

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Performance

Shares of EKG opened at $16.29 on Wednesday. The stock has a market capitalization of $2.44 million, a PE ratio of 36.47 and a beta of 1.59. The company’s fifty day moving average is $15.82 and its 200 day moving average is $16.05. First Trust Nasdaq Lux Digital Health Solutions ETF has a fifty-two week low of $11.98 and a fifty-two week high of $16.99.

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

An institutional investor recently raised its position in First Trust Nasdaq Lux Digital Health Solutions ETF stock. SRS Capital Advisors Inc. boosted its position in shares of First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 275.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,251 shares of the company’s stock after purchasing an additional 11,187 shares during the period. SRS Capital Advisors Inc. owned about 30.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $243,000 as of its most recent SEC filing.

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.