First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Sees Large Growth in Short Interest

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 15,459 shares, a growth of 94.7% from the June 15th total of 7,941 shares. Based on an average daily volume of 160,313 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust International Equity Opportunities ETF

A number of large investors have recently added to or reduced their stakes in FPXI. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust International Equity Opportunities ETF by 1,460.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,866 shares of the company’s stock valued at $6,202,000 after acquiring an additional 98,145 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust International Equity Opportunities ETF by 1,460.2% during the 4th quarter. NewEdge Advisors LLC now owns 41,329 shares of the company’s stock worth $2,444,000 after purchasing an additional 38,680 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust International Equity Opportunities ETF by 6.3% during the 4th quarter. LPL Financial LLC now owns 440,651 shares of the company’s stock worth $26,060,000 after purchasing an additional 26,065 shares in the last quarter. Northbridge Financial Group LLC bought a new position in shares of First Trust International Equity Opportunities ETF in the fourth quarter worth $1,285,000. Finally, TrueWealth Financial Partners bought a new position in shares of First Trust International Equity Opportunities ETF in the fourth quarter worth $1,076,000.

First Trust International Equity Opportunities ETF Trading Down 2.9%

NASDAQ FPXI traded down $2.04 during trading on Friday, reaching $69.39. The company’s stock had a trading volume of 29,860 shares, compared to its average volume of 30,002. The firm has a 50 day moving average price of $77.00 and a 200 day moving average price of $69.37. First Trust International Equity Opportunities ETF has a 12 month low of $53.64 and a 12 month high of $86.63. The firm has a market capitalization of $284.50 million, a price-to-earnings ratio of 26.06 and a beta of 0.96.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.3415 dividend. This represents a $1.37 annualized dividend and a dividend yield of 2.0%. This is an increase from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th.

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.