Short Interest in Horizon Kinetics Medical ETF (NASDAQ:MEDX) Increases By 75.0%

Horizon Kinetics Medical ETF (NASDAQ:MEDX) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 329 shares, a growth of 75.0% from the January 15th total of 188 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,953 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 3,953 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Horizon Kinetics Medical ETF Price Performance

NASDAQ MEDX traded up $0.47 during trading hours on Friday, reaching $34.92. 2,796 shares of the company’s stock traded hands, compared to its average volume of 2,053. Horizon Kinetics Medical ETF has a 52-week low of $23.46 and a 52-week high of $35.00. The firm has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $31.56. The firm has a market cap of $19.90 million, a PE ratio of 19.02 and a beta of 0.62.

Horizon Kinetics Medical ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were given a $0.4088 dividend. This represents a dividend yield of 122.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Horizon Kinetics Medical ETF Company Profile

The Horizon Kinetics Medical ETF (MEDX) is an exchange-traded fund that mostly invests in health care equity. The fund actively invests in global companies within the broad health care sector. Stock selection and weighting emphasizes those invested in cancer research and pharmaceutical developments. MEDX was launched on Jan 27, 2023 and is managed by Horizon Kinetics.