First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Volume Increase – Here’s What Happened

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw unusually-strong trading volume on Thursday . Approximately 53,482 shares changed hands during trading, an increase of 82% from the previous session’s volume of 29,440 shares.The stock last traded at $157.8650 and had previously closed at $162.61.

First Trust US Equity Opportunities ETF Trading Up 0.5%

The company has a market capitalization of $1.12 billion, a P/E ratio of 32.81 and a beta of 1.26. The company’s fifty day moving average is $163.68 and its 200 day moving average is $149.62.

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. purchased a new stake in First Trust US Equity Opportunities ETF during the 3rd quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of First Trust US Equity Opportunities ETF during the second quarter valued at about $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter worth about $29,000. Comerica Bank boosted its position in shares of First Trust US Equity Opportunities ETF by 457.6% in the third quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after acquiring an additional 151 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of First Trust US Equity Opportunities ETF by 238.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock valued at $33,000 after acquiring an additional 160 shares during the period.

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.