Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Grows By 75.5%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,407 shares, an increase of 75.5% from the July 30th total of 8,211 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 32,711 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. WealthPLAN Partners LLC increased its position in First Trust US Equity Opportunities ETF by 4.9% during the fourth quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock worth $212,000 after buying an additional 61 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of First Trust US Equity Opportunities ETF by 1.2% during the 3rd quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock valued at $1,022,000 after acquiring an additional 74 shares during the last quarter. Blair William & Co. IL raised its stake in shares of First Trust US Equity Opportunities ETF by 21.1% in the 4th quarter. Blair William & Co. IL now owns 533 shares of the company’s stock valued at $87,000 after acquiring an additional 93 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in 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 worth $977,000 after purchasing an additional 110 shares during the last quarter. Finally, World Investment Advisors boosted its position in First Trust US Equity Opportunities ETF by 3.2% during the fourth quarter. World Investment Advisors now owns 3,892 shares of the company’s stock worth $637,000 after purchasing an additional 120 shares during the period.

First Trust US Equity Opportunities ETF Price Performance

NYSEARCA:FPX traded down $0.83 during mid-day trading on Tuesday, reaching $179.34. The stock had a trading volume of 11,489 shares, compared to its average volume of 39,289. The stock has a market cap of $1.49 billion, a P/E ratio of 32.81 and a beta of 1.28. The business’s 50 day moving average is $187.45 and its 200 day moving average is $180.02. First Trust US Equity Opportunities ETF has a fifty-two week low of $146.01 and a fifty-two week high of $206.18.

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.