Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Drops By 28.6%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 500 shares, a decrease of 28.6% from the January 31st total of 700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 0.6 days.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

Shares of FPXE traded up $0.08 during midday trading on Tuesday, hitting $27.11. 752 shares of the company traded hands, compared to its average volume of 842. The firm has a 50 day moving average of $26.94 and a 200-day moving average of $26.52. First Trust IPOX Europe Equity Opportunities ETF has a 52 week low of $23.38 and a 52 week high of $28.48. The stock has a market cap of $4.07 million, a price-to-earnings ratio of 22.79 and a beta of 1.07.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.126 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FPXE. Coppell Advisory Solutions LLC bought a new position in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at about $128,000. REAP Financial Group LLC bought a new position in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at about $38,000. Finally, Jane Street Group LLC lifted its holdings in shares of First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the 4th quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock valued at $1,033,000 after acquiring an additional 942 shares during the last quarter.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.