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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 33,975 shares, a growth of 281.1% from the November 30th total of 8,914 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 25,303 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 25,303 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Reyes Financial Architecture Inc. acquired a new position in First Trust US Equity Opportunities ETF during the third quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of First Trust US Equity Opportunities ETF during the second quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth about $29,000. Comerica Bank raised its holdings in shares of First Trust US Equity Opportunities ETF by 457.6% in the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after acquiring an additional 151 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in First Trust US Equity Opportunities ETF by 238.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock valued at $33,000 after acquiring an additional 160 shares in the last quarter.

First Trust US Equity Opportunities ETF Price Performance

FPX stock traded down $0.99 during trading hours on Friday, reaching $168.32. 13,631 shares of the stock were exchanged, compared to its average volume of 29,080. First Trust US Equity Opportunities ETF has a 12 month low of $94.13 and a 12 month high of $174.68. The firm’s 50-day moving average is $163.84 and its 200-day moving average is $156.18. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26.

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.