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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 7,198 shares, a drop of 53.4% from the September 15th total of 15,442 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 16,149 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. bought a new stake in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at $484,000. Rubicon Advisors GP purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth $523,000. Worthington Financial Partners LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth $4,135,000. Bank of America Corp DE raised its holdings in First Trust US Equity Opportunities ETF by 43.3% in the 1st quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock worth $32,435,000 after purchasing an additional 61,752 shares during the period. Finally, Ethos Financial Group LLC bought a new position in First Trust US Equity Opportunities ETF in the 1st quarter worth $7,226,000.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX traded down $1.28 during trading hours on Tuesday, hitting $177.15. The stock had a trading volume of 12,349 shares, compared to its average volume of 36,445. First Trust US Equity Opportunities ETF has a 12 month low of $146.01 and a 12 month high of $206.18. The firm has a market capitalization of $1.44 billion, a PE ratio of 32.81 and a beta of 1.29. The stock has a fifty day moving average price of $181.57 and a 200 day moving average price of $183.38.

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.