First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Short Interest Falls 39.2%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 15,442 shares, a decrease of 39.2% from the August 31st total of 25,410 shares. Based on an average trading volume of 18,870 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors have recently bought and sold shares of FPX. Integrated Wealth Concepts LLC bought a new stake in First Trust US Equity Opportunities ETF in the 2nd quarter valued at $83,000. Baird Financial Group Inc. lifted its holdings in shares of First Trust US Equity Opportunities ETF by 34.0% during the 2nd quarter. Baird Financial Group Inc. now owns 10,903 shares of the company’s stock worth $2,248,000 after acquiring an additional 2,768 shares during the period. Corient Private Wealth LP boosted its position in shares of First Trust US Equity Opportunities ETF by 12.6% during the 2nd quarter. Corient Private Wealth LP now owns 2,753 shares of the company’s stock valued at $567,000 after acquiring an additional 307 shares in the last quarter. Montgomery Financial Services LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 2nd quarter valued at about $29,000. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust US Equity Opportunities ETF by 10.3% in the second quarter. Concurrent Investment Advisors LLC now owns 6,466 shares of the company’s stock valued at $1,333,000 after acquiring an additional 606 shares during the period.

First Trust US Equity Opportunities ETF Stock Performance

Shares of NYSEARCA:FPX traded up $0.18 during trading on Friday, hitting $180.27. 5,162 shares of the stock were exchanged, compared to its average volume of 36,866. First Trust US Equity Opportunities ETF has a 1-year low of $146.01 and a 1-year high of $206.18. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The company’s fifty day simple moving average is $181.35 and its 200-day simple moving average is $182.53.

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. 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.