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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 60,720 shares, a growth of 743.1% from the April 15th total of 7,202 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 27,655 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Hedge funds have recently modified their holdings of the stock. WealthPLAN Partners LLC grew its holdings in shares of First Trust US Equity Opportunities ETF by 4.9% in the 4th quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock worth $212,000 after purchasing an additional 61 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of First Trust US Equity Opportunities ETF by 1.2% in the 3rd quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock worth $1,022,000 after acquiring an additional 74 shares in the last quarter. Proactive Wealth Strategies LLC lifted its position in First Trust US Equity Opportunities ETF by 0.4% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 20,307 shares of the company’s stock worth $3,374,000 after buying an additional 76 shares in the last quarter. Blair William & Co. IL lifted its position in First Trust US Equity Opportunities ETF by 21.1% during the 4th quarter. Blair William & Co. IL now owns 533 shares of the company’s stock worth $87,000 after buying an additional 93 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in First Trust US Equity Opportunities ETF by 1.3% during the 1st quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock worth $977,000 after buying an additional 110 shares in the last quarter.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA:FPX opened at $187.08 on Thursday. The company has a 50-day moving average of $170.59 and a 200-day moving average of $166.80. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 32.81 and a beta of 1.27. First Trust US Equity Opportunities ETF has a 52 week low of $130.75 and a 52 week high of $190.94.

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.