Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Declines By 87.9%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,211 shares, a drop of 87.9% from the July 15th total of 68,097 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 65,066 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its holdings in shares of First Trust US Equity Opportunities ETF by 457.6% during the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after acquiring an additional 151 shares during the period. Fifth Third Bancorp acquired a new position in First Trust US Equity Opportunities ETF in the first quarter valued at about $32,000. Osbon Capital Management LLC bought a new stake in First Trust US Equity Opportunities ETF during the fourth quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust US Equity Opportunities ETF during the fourth quarter worth about $59,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF during the fourth quarter worth approximately $86,000.

First Trust US Equity Opportunities ETF Price Performance

Shares of First Trust US Equity Opportunities ETF stock traded up $5.69 during midday trading on Wednesday, hitting $186.89. The company had a trading volume of 17,562 shares, compared to its average volume of 40,136. The business’s 50 day simple moving average is $189.77 and its two-hundred day simple moving average is $178.01. The stock has a market cap of $1.55 billion, a PE ratio of 32.81 and a beta of 1.28. First Trust US Equity Opportunities ETF has a 1-year low of $142.97 and a 1-year 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.