Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Decreases By 87.9%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,211 shares, a decrease of 87.9% from the July 15th total of 68,097 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 65,066 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. bought a new position in First Trust US Equity Opportunities ETF in the 4th quarter valued at $484,000. PFG Advisors bought a new stake in shares of First Trust US Equity Opportunities ETF during the 4th quarter worth $646,000. Rubicon Advisors GP purchased a new position in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth about $523,000. Worthington Financial Partners LLC purchased a new position in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth about $4,135,000. Finally, Kestra Advisory Services LLC grew its position in First Trust US Equity Opportunities ETF by 24.2% during the first quarter. Kestra Advisory Services LLC now owns 21,432 shares of the company’s stock valued at $3,404,000 after buying an additional 4,170 shares during the period.

First Trust US Equity Opportunities ETF Stock Up 3.1%

FPX traded up $5.69 during trading on Wednesday, hitting $186.89. The company’s stock had a trading volume of 17,562 shares, compared to its average volume of 40,136. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The firm’s 50 day moving average price is $189.77 and its two-hundred day moving average price is $178.01. First Trust US Equity Opportunities ETF has a 12 month low of $142.97 and a 12 month 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.