First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Down 14.2% in February

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,827 shares, a drop of 14.2% from the February 12th total of 2,130 shares. Based on an average daily volume of 22,892 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 22,892 shares, the days-to-cover ratio is currently 0.1 days.

First Trust US Equity Opportunities ETF Stock Performance

Shares of FPX stock traded up $2.23 during trading on Tuesday, hitting $164.91. The company had a trading volume of 11,998 shares, compared to its average volume of 30,388. The firm has a market capitalization of $1.21 billion, a P/E ratio of 32.81 and a beta of 1.26. First Trust US Equity Opportunities ETF has a one year low of $94.13 and a one year high of $174.68. The stock’s 50-day moving average price is $165.18 and its 200 day moving average price is $163.65.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of institutional investors have recently modified their holdings of FPX. Reyes Financial Architecture Inc. bought a new position in shares of First Trust US Equity Opportunities ETF in the third quarter worth about $28,000. Manning & Napier Advisors LLC acquired a new position in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $29,000. Comerica Bank increased its position in First Trust US Equity Opportunities ETF by 457.6% during the 3rd 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. Ameriflex Group Inc. bought a new position in First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $38,000. Finally, Mather Group LLC. bought a new position in First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $40,000.

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.