First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Sees Significant Decrease in Short Interest

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 7,941 shares, a decline of 76.2% from the May 31st total of 33,416 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 22,362 shares, the short-interest ratio is presently 0.4 days.

First Trust International Equity Opportunities ETF Stock Performance

Shares of NASDAQ FPXI traded down $3.45 during trading on Friday, hitting $80.70. The company had a trading volume of 40,751 shares, compared to its average volume of 25,370. The company has a market cap of $209.82 million, a P/E ratio of 26.06 and a beta of 0.98. First Trust International Equity Opportunities ETF has a 52 week low of $53.64 and a 52 week high of $86.63. The business’s 50-day moving average is $75.35 and its 200 day moving average is $67.64.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.3415 per share. This is a positive change from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05. This represents a $1.37 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust International Equity Opportunities ETF

A number of institutional investors have recently bought and sold shares of FPXI. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust International Equity Opportunities ETF during the first quarter valued at about $46,000. Western Wealth Management LLC acquired a new stake in shares of First Trust International Equity Opportunities ETF during the first quarter valued at approximately $48,000. Ballast Advisors LLC acquired a new stake in shares of First Trust International Equity Opportunities ETF during the first quarter valued at approximately $73,000. Advisory Services Network LLC purchased a new stake in shares of First Trust International Equity Opportunities ETF in the 3rd quarter valued at approximately $103,000. Finally, NewEdge Advisors LLC boosted its stake in First Trust International Equity Opportunities ETF by 3,945.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,670 shares of the company’s stock worth $126,000 after purchasing an additional 2,604 shares during the period.

First Trust International Equity Opportunities ETF Company Profile

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.