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 recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 200 shares, a drop of 84.6% from the February 28th total of 1,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Nasdaq Lux Digital Health Solutions ETF Trading Down 1.8 %

Shares of First Trust Nasdaq Lux Digital Health Solutions ETF stock traded down $0.30 during mid-day trading on Wednesday, hitting $16.21. 3 shares of the stock were exchanged, compared to its average volume of 595. The stock has a market capitalization of $2.43 million, a price-to-earnings ratio of 41.02 and a beta of 1.59. First Trust Nasdaq Lux Digital Health Solutions ETF has a twelve month low of $15.23 and a twelve month high of $18.84. The company has a 50-day simple moving average of $17.58 and a 200 day simple moving average of $17.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Nasdaq Lux Digital Health Solutions ETF stock. SRS Capital Advisors Inc. grew its stake in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,247 shares of the company’s stock after purchasing an additional 2,475 shares during the quarter. SRS Capital Advisors Inc. owned approximately 25.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $649,000 as of its most recent filing with the SEC.

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.