First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Short Interest Update

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a decline of 33.3% from the February 28th total of 600 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

First Trust IPOX Europe Equity Opportunities ETF stock traded down $0.36 during midday trading on Friday, hitting $25.97. 523 shares of the company’s stock were exchanged, compared to its average volume of 1,008. The firm’s 50 day simple moving average is $27.22 and its 200 day simple moving average is $26.58. First Trust IPOX Europe Equity Opportunities ETF has a 12-month low of $23.38 and a 12-month high of $28.48. The stock has a market cap of $3.90 million, a price-to-earnings ratio of 24.76 and a beta of 1.00.

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC acquired a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth approximately $38,000. Coppell Advisory Solutions LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter worth approximately $128,000. Finally, Jane Street Group LLC increased its position in shares of First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the fourth quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after acquiring an additional 942 shares in the last quarter.

About First Trust IPOX Europe Equity Opportunities ETF

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.