First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Significant Growth in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 9,564 shares, a growth of 423.5% from the February 26th total of 1,827 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 25,541 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

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

First Trust US Equity Opportunities ETF Stock Performance

First Trust US Equity Opportunities ETF stock traded down $6.60 during mid-day trading on Thursday, reaching $158.33. 57,580 shares of the company were exchanged, compared to its average volume of 30,460. The firm has a market cap of $1.16 billion, a P/E ratio of 32.81 and a beta of 1.26. The business has a fifty day moving average of $164.34 and a 200 day moving average of $164.17. First Trust US Equity Opportunities ETF has a 12-month low of $94.13 and a 12-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.