First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Growth in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 41,900 shares, a growth of 69.6% from the May 15th total of 24,700 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Trading of First Trust US Equity Opportunities ETF

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at about $105,000. Puff Wealth Management LLC acquired a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at approximately $219,000. Valmark Advisers Inc. purchased a new stake in First Trust US Equity Opportunities ETF in the fourth quarter valued at approximately $211,000. Truist Financial Corp raised its position in First Trust US Equity Opportunities ETF by 61.3% in the fourth quarter. Truist Financial Corp now owns 61,185 shares of the company’s stock valued at $7,312,000 after purchasing an additional 23,260 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in First Trust US Equity Opportunities ETF by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 27,790 shares of the company’s stock worth $3,321,000 after purchasing an additional 721 shares in the last quarter.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX traded down $0.66 during mid-day trading on Tuesday, reaching $139.71. The stock had a trading volume of 2,530 shares, compared to its average volume of 22,315. First Trust US Equity Opportunities ETF has a 52-week low of $88.74 and a 52-week high of $143.53. The firm has a market cap of $922.09 million, a price-to-earnings ratio of 32.26 and a beta of 1.24. The business’s fifty day moving average is $126.23 and its 200 day moving average is $124.28.

First Trust US Equity Opportunities ETF Company Profile

First Trust US IPO Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the IPOX-100 U.S. Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index is a modified value-weighted price index measuring the performance of the top 100 United States companies ranked quarterly by market capitalization in the IPOX Global Composite Index.