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

by · The Cerbat Gem

First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 7,202 shares, a growth of 224.0% from the March 31st total of 2,223 shares. Based on an average daily volume of 31,859 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust US Equity Opportunities ETF Stock Up 0.3%

Shares of FPX stock traded up $0.47 during trading hours on Friday, reaching $179.16. 12,469 shares of the stock traded hands, compared to its average volume of 30,364. First Trust US Equity Opportunities ETF has a 1-year low of $115.32 and a 1-year high of $180.69. The business has a fifty day moving average price of $166.41 and a 200 day moving average price of $165.23. The firm has a market capitalization of $1.32 billion, a PE ratio of 32.81 and a beta of 1.25.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of large investors have recently made changes to their positions in the company. Patten Group Inc. raised its holdings in shares of First Trust US Equity Opportunities ETF by 2.4% during the first quarter. Patten Group Inc. now owns 7,283 shares of the company’s stock valued at $1,157,000 after acquiring an additional 170 shares during the period. Cassia Capital Partners LLC raised its holdings in shares of First Trust US Equity Opportunities ETF by 4.2% during the first quarter. Cassia Capital Partners LLC now owns 58,822 shares of the company’s stock valued at $9,342,000 after acquiring an additional 2,392 shares during the period. Impact Partnership Wealth LLC raised its holdings in shares of First Trust US Equity Opportunities ETF by 40.5% during the first quarter. Impact Partnership Wealth LLC now owns 13,599 shares of the company’s stock valued at $2,160,000 after acquiring an additional 3,917 shares during the period. Flagstar Advisors Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the first quarter valued at approximately $268,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the fourth quarter valued at approximately $484,000.

First Trust US Equity Opportunities ETF Company Profile

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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.

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