Short Interest in First Trust International IPO ETF (NASDAQ:FPXI) Rises By 33.3%

First Trust International IPO ETF (NASDAQ:FPXI) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 400 shares, a growth of 33.3% from the February 28th total of 300 shares. Based on an average daily volume of 12,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

First Trust International IPO ETF Trading Up 0.6 %

Shares of NASDAQ:FPXI traded up $0.28 during mid-day trading on Tuesday, hitting $47.38. 6,419 shares of the company traded hands, compared to its average volume of 10,723. The stock has a market cap of $132.65 million, a P/E ratio of 27.14 and a beta of 0.81. The stock has a 50-day moving average price of $50.03 and a two-hundred day moving average price of $49.17. First Trust International IPO ETF has a 12-month low of $41.95 and a 12-month high of $53.16.

Hedge Funds Weigh In On First Trust International IPO ETF

A number of hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in shares of First Trust International IPO ETF during the third quarter valued at about $1,915,000. Jane Street Group LLC increased its stake in First Trust International IPO ETF by 104.3% in the 3rd quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock valued at $1,706,000 after buying an additional 18,015 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of First Trust International IPO ETF by 196.7% during the 4th quarter. Arkadios Wealth Advisors now owns 23,674 shares of the company’s stock worth $1,116,000 after buying an additional 15,696 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust International IPO ETF by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,128 shares of the company’s stock worth $808,000 after buying an additional 1,135 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of First Trust International IPO ETF in the fourth quarter valued at approximately $1,144,000.

First Trust International IPO ETF Company Profile

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.