First Trust International IPO ETF (NASDAQ:FPXI) Sees Large Growth in Short Interest

by · The Cerbat Gem

First Trust International IPO ETF (NASDAQ:FPXI – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 900 shares, an increase of 200.0% from the May 31st total of 300 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 0.1 days.

First Trust International IPO ETF Price Performance

Shares of NASDAQ FPXI traded down $0.12 during midday trading on Friday, hitting $47.06. The stock had a trading volume of 8,394 shares, compared to its average volume of 14,216. The firm has a market cap of $160.00 million, a P/E ratio of 27.85 and a beta of 0.81. First Trust International IPO ETF has a fifty-two week low of $36.02 and a fifty-two week high of $48.45. The company’s 50-day simple moving average is $46.90 and its 200 day simple moving average is $45.00.

First Trust International IPO ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be given a $0.2987 dividend. The ex-dividend date is Thursday, June 27th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FPXI. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust International IPO ETF during the fourth quarter worth $34,000. Creekmur Asset Management LLC bought a new stake in First Trust International IPO ETF in the fourth quarter valued at approximately $39,000. Able Wealth Management LLC acquired a new stake in First Trust International IPO ETF in the fourth quarter worth $59,000. J.W. Cole Advisors Inc. bought a new position in shares of First Trust International IPO ETF during the first quarter worth $218,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of First Trust International IPO ETF in the 1st quarter valued at $245,000.

About First Trust International IPO ETF

(Get Free Report)

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.

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