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

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 11,524 shares, a growth of 148.4% from the August 15th total of 4,640 shares. Based on an average daily trading volume, of 2,385 shares, the days-to-cover ratio is presently 4.8 days. Approximately 5.8% of the shares of the company are short sold.

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. Jane Street Group LLC boosted its stake in shares of First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,770 shares of the company’s stock after acquiring an additional 2,353 shares during the quarter. Jane Street Group LLC owned 14.39% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $450,000 at the end of the most recent reporting period.

First Trust Nasdaq Lux Digital Health Solutions ETF Trading Up 0.9%

Shares of EKG stock traded up $0.18 during trading hours on Friday, hitting $21.35. The company’s stock had a trading volume of 547 shares, compared to its average volume of 893. The stock has a market cap of $4.27 million, a PE ratio of 38.88 and a beta of 1.30. First Trust Nasdaq Lux Digital Health Solutions ETF has a 12-month low of $15.71 and a 12-month high of $22.62. The company has a 50 day moving average of $20.59 and a 200 day moving average of $18.28.

About First Trust Nasdaq Lux Digital Health Solutions ETF

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.