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

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,300 shares, a decline of 13.3% from the February 13th total of 1,500 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Investors 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. raised its stake in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 38,247 shares of the company’s stock after purchasing an additional 2,475 shares during the period. SRS Capital Advisors Inc. owned 25.50% of First Trust Nasdaq Lux Digital Health Solutions ETF worth $649,000 as of its most recent SEC filing.

First Trust Nasdaq Lux Digital Health Solutions ETF Stock Performance

EKG opened at $16.05 on Friday. The company has a 50-day moving average of $17.66 and a 200-day moving average of $17.33. The company has a market capitalization of $2.41 million, a P/E ratio of 41.02 and a beta of 1.44. First Trust Nasdaq Lux Digital Health Solutions ETF has a 1-year low of $15.23 and a 1-year high of $18.84.

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.