Short Interest in First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) Declines By 13.3%

First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:EKG) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,300 shares, a drop of 13.3% from the February 13th total of 1,500 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

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 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,247 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.

First Trust Nasdaq Lux Digital Health Solutions ETF Price Performance

Shares of NASDAQ:EKG traded down $0.03 during midday trading on Wednesday, hitting $16.10. The company had a trading volume of 74 shares, compared to its average volume of 714. First Trust Nasdaq Lux Digital Health Solutions ETF has a 12-month low of $15.23 and a 12-month high of $18.84. The company has a fifty day moving average of $17.73 and a two-hundred day moving average of $17.35. The company has a market cap of $2.42 million, a price-to-earnings ratio of 41.02 and a beta of 1.44.

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.