First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Down 78.6% in February

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 2,130 shares, a decrease of 78.6% from the January 29th total of 9,957 shares. Based on an average daily volume of 41,009 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 41,009 shares, the days-to-cover ratio is presently 0.1 days.

First Trust US Equity Opportunities ETF Stock Performance

FPX traded up $1.84 during trading on Thursday, hitting $169.01. 22,864 shares of the stock were exchanged, compared to its average volume of 32,405. The firm has a 50 day simple moving average of $165.78 and a 200 day simple moving average of $162.29. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26. First Trust US Equity Opportunities ETF has a 1 year low of $94.13 and a 1 year high of $174.68.

Institutional Trading of First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust US Equity Opportunities ETF by 5,572.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock worth $62,626,000 after acquiring an additional 376,074 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of First Trust US Equity Opportunities ETF by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 340,788 shares of the company’s stock valued at $55,750,000 after purchasing an additional 11,677 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust US Equity Opportunities ETF by 7.7% during the third quarter. Raymond James Financial Inc. now owns 156,672 shares of the company’s stock valued at $26,033,000 after buying an additional 11,169 shares during the period. Systelligence LLC purchased a new position in First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $18,065,000. Finally, Osaic Holdings Inc. raised its stake in First Trust US Equity Opportunities ETF by 4.2% in the fourth quarter. Osaic Holdings Inc. now owns 99,641 shares of the company’s stock worth $16,302,000 after buying an additional 3,976 shares in the last quarter.

About First Trust US Equity Opportunities ETF

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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.