Short Interest in First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Drops By 49.9%

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 19,588 shares, a drop of 49.9% from the April 30th total of 39,084 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 17,482 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On First Trust International Equity Opportunities ETF

Hedge funds have recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC acquired a new position in First Trust International Equity Opportunities ETF in the first quarter worth about $46,000. Western Wealth Management LLC acquired a new position in First Trust International Equity Opportunities ETF in the first quarter worth about $48,000. Advisory Services Network LLC acquired a new position in First Trust International Equity Opportunities ETF in the third quarter worth about $103,000. NewEdge Advisors LLC grew its stake in First Trust International Equity Opportunities ETF by 3,945.5% in the first quarter. NewEdge Advisors LLC now owns 2,670 shares of the company’s stock worth $126,000 after purchasing an additional 2,604 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in First Trust International Equity Opportunities ETF in the fourth quarter worth about $200,000.

First Trust International Equity Opportunities ETF Price Performance

NASDAQ:FPXI traded up $0.89 during mid-day trading on Monday, reaching $78.77. The stock had a trading volume of 17,496 shares, compared to its average volume of 12,928. The company has a market capitalization of $204.80 million, a price-to-earnings ratio of 26.06 and a beta of 0.96. First Trust International Equity Opportunities ETF has a 1-year low of $52.92 and a 1-year high of $78.99. The stock’s 50 day simple moving average is $69.01 and its two-hundred day simple moving average is $64.77.

First Trust International Equity Opportunities ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0541 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

About First Trust International Equity Opportunities ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.