Short Interest in First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Increases By 94.7%

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 15,459 shares, an increase of 94.7% from the June 15th total of 7,941 shares. Based on an average daily trading volume, of 160,313 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust International Equity Opportunities ETF

A number of large investors have recently bought and sold shares of the stock. Ballast Advisors LLC bought a new position in shares of First Trust International Equity Opportunities ETF in the first quarter worth approximately $73,000. NewEdge Advisors LLC raised its holdings in First Trust International Equity Opportunities ETF by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 49,604 shares of the company’s stock valued at $3,063,000 after buying an additional 8,275 shares during the last quarter. Western Wealth Management LLC bought a new stake in First Trust International Equity Opportunities ETF during the 1st quarter valued at $48,000. Arkadios Wealth Advisors boosted its position in First Trust International Equity Opportunities ETF by 8.0% during the 1st quarter. Arkadios Wealth Advisors now owns 29,409 shares of the company’s stock valued at $1,816,000 after buying an additional 2,181 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in First Trust International Equity Opportunities ETF by 2.7% during the 1st quarter. Kestra Advisory Services LLC now owns 50,470 shares of the company’s stock valued at $3,116,000 after buying an additional 1,310 shares during the period.

First Trust International Equity Opportunities ETF Trading Down 3.4%

Shares of NASDAQ:FPXI traded down $2.50 on Thursday, reaching $71.43. 13,155 shares of the company traded hands, compared to its average volume of 30,003. The business’s 50-day simple moving average is $77.02 and its 200 day simple moving average is $69.29. First Trust International Equity Opportunities ETF has a 52 week low of $53.64 and a 52 week high of $86.63. The stock has a market capitalization of $292.86 million, a P/E ratio of 26.06 and a beta of 0.96.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.3415 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.37 annualized dividend and a yield of 1.9%. This is a boost from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05.

About First Trust International Equity Opportunities ETF

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.