First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Decrease in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,211 shares, a drop of 87.9% from the July 15th total of 68,097 shares. Based on an average daily volume of 65,066 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust US Equity Opportunities ETF Trading Up 1.2%

NYSEARCA FPX traded up $2.30 on Friday, reaching $191.04. 19,236 shares of the company were exchanged, compared to its average volume of 39,993. The business’s fifty day moving average price is $189.54 and its 200 day moving average price is $178.31. The stock has a market capitalization of $1.59 billion, a P/E ratio of 32.81 and a beta of 1.28. First Trust US Equity Opportunities ETF has a fifty-two week low of $142.97 and a fifty-two week high of $206.18.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in First Trust US Equity Opportunities ETF by 5,572.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,823 shares of the company’s stock valued at $62,626,000 after purchasing an additional 376,074 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust US Equity Opportunities ETF by 3.5% during the fourth quarter. Wells Fargo & Company MN now owns 340,788 shares of the company’s stock worth $55,750,000 after buying an additional 11,677 shares during the period. Bank of America Corp DE increased its position in shares of First Trust US Equity Opportunities ETF by 43.3% during the first quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after acquiring an additional 61,752 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust US Equity Opportunities ETF by 7.7% in the 3rd quarter. Raymond James Financial Inc. now owns 156,672 shares of the company’s stock valued at $26,033,000 after acquiring an additional 11,169 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of First Trust US Equity Opportunities ETF by 57.7% in the 1st quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after acquiring an additional 41,319 shares during the period.

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.