First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Nasdaq Lux Digital Health Solutions ETF shares that have been sold short but have not yet been closed out or covered. As of August 15th, traders have sold 3,800 shares of EKG short. Learn More on First Trust Nasdaq Lux Digital Health Solutions ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. EKG shares currently have a short interest ratio of 8.0. Learn More on First Trust Nasdaq Lux Digital Health Solutions ETF's short interest ratio.

First Trust Nasdaq Lux Digital Health Solutions ETF saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 3,800 shares, a drop of 20.8% from the previous total of 4,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Nasdaq Lux Digital Health Solutions ETF: SPDR MSCI USA Climate Paris Aligned ETF (0.25%), Procure Disaster Recovery Strategy ETF (3.13%), Global X Wind Energy ETF (0.22%), ProShares Ultra Nasdaq Cloud Computing ETF (0.08%), VanEck Green Infrastructure ETF (73.50%), Global X PropTech ETF (0.20%), iShares Breakthrough Environmental Solutions ETF (0.19%), Themes Cybersecurity ETF (1.67%), First Trust Indxx Metaverse ETF (0.70%), Themes US R&D Champions ETF (1.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling EKG is an investing strategy that aims to generate trading profit from First Trust Nasdaq Lux Digital Health Solutions ETF as its price is falling. EKG shares are trading down $0.20 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Nasdaq Lux Digital Health Solutions ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of EKG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including EKG, twice per month. The most recent reporting period available is August, 15 2024.