First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Up 4,200.0% in January

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,300 shares, an increase of 4,200.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust International IPO ETF

Hedge funds have recently added to or reduced their stakes in the stock. Hibernia Wealth Partners LLC acquired a new stake in shares of First Trust International IPO ETF in the 3rd quarter worth about $230,000. Koshinski Asset Management Inc. increased its stake in shares of First Trust International IPO ETF by 4.0% in the third quarter. Koshinski Asset Management Inc. now owns 7,025 shares of the company’s stock valued at $340,000 after purchasing an additional 269 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of First Trust International IPO ETF by 4.6% during the third quarter. Arkadios Wealth Advisors now owns 7,978 shares of the company’s stock valued at $386,000 after buying an additional 352 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of First Trust International IPO ETF during the second quarter valued at approximately $403,000. Finally, US Bancorp DE boosted its position in shares of First Trust International IPO ETF by 3.1% during the third quarter. US Bancorp DE now owns 11,100 shares of the company’s stock worth $537,000 after buying an additional 336 shares during the period.

First Trust International IPO ETF Stock Up 0.9 %

Shares of NASDAQ:FPXI traded up $0.45 during trading on Tuesday, hitting $50.05. 6,385 shares of the company traded hands, compared to its average volume of 13,520. The stock has a market capitalization of $140.13 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. First Trust International IPO ETF has a one year low of $41.21 and a one year high of $51.41. The business’s fifty day moving average is $48.97 and its 200-day moving average is $48.20.

First Trust International IPO ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.0945 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust International IPO 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.