First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Update

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 25,519 shares, a growth of 82.9% from the December 31st total of 13,955 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 34,861 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 34,861 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds have recently made changes to their positions in the stock. Reyes Financial Architecture Inc. bought a new stake in First Trust US Equity Opportunities ETF in the 3rd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in First Trust US Equity Opportunities ETF during the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the third quarter worth approximately $29,000. Comerica Bank raised its stake 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 worth $31,000 after acquiring an additional 151 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust US Equity Opportunities ETF by 238.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock worth $33,000 after acquiring an additional 160 shares during the last quarter.

First Trust US Equity Opportunities ETF Stock Performance

FPX traded down $4.01 during midday trading on Friday, reaching $163.67. The company had a trading volume of 19,410 shares, compared to its average volume of 32,491. First Trust US Equity Opportunities ETF has a 12-month low of $94.13 and a 12-month high of $174.68. The business has a 50-day moving average price of $166.17 and a two-hundred day moving average price of $160.62. The stock has a market cap of $1.20 billion, a PE ratio of 32.81 and a beta of 1.26.

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.