First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Short Interest Drops 41.5%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,208 shares, a decline of 41.5% from the September 30th total of 7,198 shares. Based on an average trading volume of 25,862 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust US Equity Opportunities ETF

Several hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC grew its holdings in First Trust US Equity Opportunities ETF by 4.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,551 shares of the company’s stock worth $3,840,000 after acquiring an additional 875 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in First Trust US Equity Opportunities ETF during the third quarter worth approximately $9,187,000. Pathway Financial Advisers LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the third quarter worth approximately $84,000. Chicago Partners Investment Group LLC increased its holdings in shares of First Trust US Equity Opportunities ETF by 4.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 16,875 shares of the company’s stock valued at $2,854,000 after acquiring an additional 757 shares during the period. Finally, Integrity Alliance LLC. acquired a new position in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at $514,000.

First Trust US Equity Opportunities ETF Trading Up 2.0%

Shares of FPX stock traded up $3.27 during trading hours on Tuesday, reaching $170.56. 9,936 shares of the stock were exchanged, compared to its average volume of 36,000. First Trust US Equity Opportunities ETF has a 12-month low of $146.01 and a 12-month high of $206.18. The company’s 50-day moving average price is $177.74 and its 200-day moving average price is $177.94. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 32.81 and a beta of 1.29.

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.