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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,407 shares, a growth of 75.5% from the July 30th total of 8,211 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 32,711 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthPLAN Partners LLC grew its position in First Trust US Equity Opportunities ETF by 4.9% in 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 lifted its position 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 lifted its position in shares of First Trust US Equity Opportunities ETF by 21.1% during 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 during the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust US Equity Opportunities ETF by 1.3% during the 1st quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock worth $977,000 after acquiring an additional 110 shares in the last quarter. Finally, World Investment Advisors boosted its stake in shares of First Trust US Equity Opportunities ETF by 3.2% during the 4th quarter. World Investment Advisors now owns 3,892 shares of the company’s stock worth $637,000 after acquiring an additional 120 shares in the last quarter.

First Trust US Equity Opportunities ETF Price Performance

Shares of NYSEARCA FPX opened at $180.54 on Monday. The stock has a market cap of $1.50 billion, a P/E ratio of 32.81 and a beta of 1.28. The firm’s 50-day simple moving average is $187.89 and its 200 day simple moving average is $179.91. 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.