Short Interest in First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Drops By 76.2%

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,941 shares, a decline of 76.2% from the May 31st total of 33,416 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 22,362 shares, the days-to-cover ratio is presently 0.4 days.

First Trust International Equity Opportunities ETF Trading Down 4.1%

Shares of First Trust International Equity Opportunities ETF stock opened at $80.70 on Friday. The company has a fifty day simple moving average of $75.35 and a 200-day simple moving average of $67.64. The stock has a market cap of $209.82 million, a price-to-earnings ratio of 26.06 and a beta of 0.98. First Trust International Equity Opportunities ETF has a 12-month low of $53.64 and a 12-month high of $86.63.

First Trust International Equity Opportunities ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.3415 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 1.7%. This is a boost from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Trading of First Trust International Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ballast Advisors LLC purchased a new position in shares of First Trust International Equity Opportunities ETF during the first quarter worth approximately $73,000. NewEdge Advisors LLC raised its position in First Trust International Equity Opportunities ETF by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 49,604 shares of the company’s stock valued at $3,063,000 after purchasing an additional 8,275 shares during the last quarter. Western Wealth Management LLC acquired a new stake in First Trust International Equity Opportunities ETF during the 1st quarter worth $48,000. Arkadios Wealth Advisors boosted its stake in First Trust International Equity Opportunities ETF by 8.0% during the 1st quarter. Arkadios Wealth Advisors now owns 29,409 shares of the company’s stock worth $1,816,000 after purchasing an additional 2,181 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in First Trust International Equity Opportunities ETF by 2.7% during the 1st quarter. Kestra Advisory Services LLC now owns 50,470 shares of the company’s stock worth $3,116,000 after purchasing an additional 1,310 shares during the period.

First Trust International Equity Opportunities ETF Company Profile

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.