Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Rises By 743.1%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 60,720 shares, a growth of 743.1% from the April 15th total of 7,202 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 27,655 shares, the short-interest ratio is currently 2.2 days.

First Trust US Equity Opportunities ETF Stock Down 0.2%

Shares of NYSEARCA:FPX traded down $0.39 during trading on Wednesday, reaching $187.08. 44,689 shares of the company traded hands, compared to its average volume of 30,932. The firm has a fifty day simple moving average of $170.59 and a 200 day simple moving average of $166.80. The firm has a market cap of $1.38 billion, a P/E ratio of 32.81 and a beta of 1.27. First Trust US Equity Opportunities ETF has a 1-year low of $130.75 and a 1-year high of $190.94.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of First Trust US Equity Opportunities ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 51,337 shares of the company’s stock valued at $5,736,000 after purchasing an additional 313 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust US Equity Opportunities ETF by 1.3% in the 1st quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock valued at $977,000 after purchasing an additional 110 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust US Equity Opportunities ETF by 36.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,044 shares of the company’s stock valued at $151,000 after purchasing an additional 278 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of First Trust US Equity Opportunities ETF by 6.3% in the 2nd quarter. Baird Financial Group Inc. now owns 10,457 shares of the company’s stock valued at $1,515,000 after purchasing an additional 624 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of First Trust US Equity Opportunities ETF by 19.5% in the 2nd quarter. Raymond James Financial Inc. now owns 145,503 shares of the company’s stock valued at $21,085,000 after purchasing an additional 23,784 shares during the last quarter.

About First Trust US Equity Opportunities ETF

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.