Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Declines By 58.9%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 13,955 shares, a decline of 58.9% from the December 15th total of 33,975 shares. Based on an average trading volume of 22,683 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 22,683 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FPX. Reyes Financial Architecture Inc. bought a new position in First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in First Trust US Equity Opportunities ETF during the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC acquired a new position in First Trust US Equity Opportunities ETF during the 3rd quarter worth $29,000. Comerica Bank grew its stake in shares of First Trust US Equity Opportunities ETF by 457.6% in the third quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust US Equity Opportunities ETF by 238.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock valued at $33,000 after purchasing an additional 160 shares during the period.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX stock traded down $2.07 during trading hours on Wednesday, reaching $167.58. The stock had a trading volume of 49,630 shares, compared to its average volume of 37,103. The firm has a market capitalization of $1.23 billion, a PE ratio of 32.81 and a beta of 1.26. The firm has a 50-day simple moving average of $164.05 and a 200-day simple moving average of $158.71. First Trust US Equity Opportunities ETF has a twelve month low of $94.13 and a twelve month high of $174.68.

First Trust US Equity Opportunities ETF Company Profile

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.