First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Sees Significant Growth in Short Interest

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 600 shares, an increase of 20.0% from the February 13th total of 500 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust IPOX Europe Equity Opportunities ETF

A number of large investors have recently added to or reduced their stakes in FPXE. Jane Street Group LLC raised its position in First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the fourth quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after purchasing an additional 942 shares in the last quarter. REAP Financial Group LLC bought a new stake in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter valued at $38,000. Finally, Coppell Advisory Solutions LLC acquired a new position in First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter worth $128,000.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

Shares of First Trust IPOX Europe Equity Opportunities ETF stock traded up $0.97 during trading on Thursday, hitting $27.89. 294 shares of the stock traded hands, compared to its average volume of 998. The company has a fifty day moving average price of $27.12 and a two-hundred day moving average price of $26.54. First Trust IPOX Europe Equity Opportunities ETF has a twelve month low of $23.38 and a twelve month high of $28.48. The stock has a market cap of $4.18 million, a P/E ratio of 22.79 and a beta of 1.00.

About First Trust IPOX Europe Equity Opportunities ETF

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.