First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Up 200.0% in June

First Trust International IPO ETF (NASDAQ:FPXI) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 900 shares, an increase of 200.0% from the May 31st total of 300 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust International IPO ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in First Trust International IPO ETF in the fourth quarter valued at approximately $34,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust International IPO ETF in the 4th quarter valued at $39,000. Able Wealth Management LLC acquired a new position in shares of First Trust International IPO ETF in the 4th quarter valued at $59,000. J.W. Cole Advisors Inc. purchased a new position in shares of First Trust International IPO ETF during the 1st quarter worth $218,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of First Trust International IPO ETF during the 1st quarter worth about $245,000.

First Trust International IPO ETF Stock Performance

Shares of FPXI stock traded down $0.12 during trading hours on Friday, reaching $47.06. The company had a trading volume of 8,394 shares, compared to its average volume of 14,216. First Trust International IPO ETF has a 12-month low of $36.02 and a 12-month high of $48.45. The company has a market capitalization of $160.00 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. The stock has a fifty day moving average of $46.90 and a 200-day moving average of $45.00.

First Trust International IPO ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be issued a $0.2987 dividend. The ex-dividend date is Thursday, June 27th.

About First Trust International IPO ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.