First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Volume Increase – Here’s Why

Shares of First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw an uptick in trading volume on Monday . 40,795 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 27,773 shares.The stock last traded at $126.12 and had previously closed at $129.99.

First Trust US Equity Opportunities ETF Price Performance

The stock has a market cap of $912.35 million, a price-to-earnings ratio of 20.57 and a beta of 1.56. The firm’s fifty day moving average price is $128.46 and its two-hundred day moving average price is $118.71.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FPX. Atala Financial Inc acquired a new position in First Trust US Equity Opportunities ETF during the fourth quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter worth about $39,000. Assetmark Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth about $47,000. Banque Transatlantique SA acquired a new position in First Trust US Equity Opportunities ETF during the 4th quarter valued at about $48,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in First Trust US Equity Opportunities ETF by 373.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 417 shares of the company’s stock worth $50,000 after purchasing an additional 329 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.