First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Update

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 68,097 shares, an increase of 76.7% from the June 30th total of 38,530 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 58,193 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its position in First Trust US Equity Opportunities ETF by 457.6% during the third quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after buying an additional 151 shares during the period. Fifth Third Bancorp purchased a new stake in First Trust US Equity Opportunities ETF in the 1st quarter valued at about $32,000. Osbon Capital Management LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $43,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $59,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $85,000.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA FPX traded up $7.33 during mid-day trading on Thursday, reaching $179.92. 19,727 shares of the stock were exchanged, compared to its average volume of 40,522. The stock has a market capitalization of $1.50 billion, a PE ratio of 32.81 and a beta of 1.26. First Trust US Equity Opportunities ETF has a 1-year low of $142.97 and a 1-year high of $206.18. The business’s fifty day simple moving average is $191.82 and its 200 day simple moving average is $177.18.

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. 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.