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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 14,407 shares, a growth of 75.5% from the July 30th total of 8,211 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 32,711 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust US Equity Opportunities ETF by 5,572.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock worth $62,626,000 after purchasing an additional 376,074 shares during the period. Bank of America Corp DE raised its stake in First Trust US Equity Opportunities ETF by 43.3% during the 1st quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after purchasing an additional 61,752 shares during the period. Ocean Park Asset Management LLC acquired a new stake in First Trust US Equity Opportunities ETF during the 2nd quarter valued at $10,376,000. BNP Paribas Financial Markets purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at $8,308,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the first quarter valued at $7,226,000.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA FPX opened at $180.54 on Monday. The stock’s 50-day moving average price is $187.89 and its two-hundred day moving average price is $179.91. The company has a market cap of $1.50 billion, a PE ratio of 32.81 and a beta of 1.28. First Trust US Equity Opportunities ETF has a 1 year low of $146.01 and a 1 year high of $206.18.

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.