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 in the month of February. As of February 13th, there was short interest totaling 2,130 shares, a drop of 78.6% from the January 29th total of 9,957 shares. Based on an average trading volume of 41,009 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 41,009 shares, the days-to-cover ratio is presently 0.1 days.

First Trust US Equity Opportunities ETF Stock Up 1.1%

Shares of NYSEARCA FPX traded up $1.84 during trading on Thursday, hitting $169.01. The company had a trading volume of 22,864 shares, compared to its average volume of 32,405. First Trust US Equity Opportunities ETF has a fifty-two week low of $94.13 and a fifty-two week high of $174.68. The stock has a fifty day simple moving average of $165.78 and a two-hundred day simple moving average of $162.29. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently modified their holdings of FPX. Reyes Financial Architecture Inc. acquired a new position in First Trust US Equity Opportunities ETF during the third quarter worth about $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter worth $29,000. Comerica Bank boosted its position in shares of First Trust US Equity Opportunities ETF by 457.6% during the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in First Trust US Equity Opportunities ETF during the third quarter worth about $38,000. Finally, Mather Group LLC. purchased a new position in First Trust US Equity Opportunities ETF during the third quarter worth about $40,000.

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.