First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Short Interest Report for October

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,208 shares, a drop of 41.5% from the September 30th total of 7,198 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 25,862 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPX. Montgomery Financial Services LLC bought a new stake in First Trust US Equity Opportunities ETF during the second quarter valued at approximately $29,000. Fifth Third Bancorp purchased a new stake in First Trust US Equity Opportunities ETF during the first quarter valued at approximately $32,000. Mather Group LLC. bought a new position in First Trust US Equity Opportunities ETF in the third quarter worth approximately $43,000. Integrated Wealth Concepts LLC bought a new position in First Trust US Equity Opportunities ETF in the second quarter worth approximately $83,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth $84,000.

First Trust US Equity Opportunities ETF Stock Performance

Shares of FPX stock traded down $4.92 during trading hours on Friday, reaching $169.24. The company had a trading volume of 21,841 shares, compared to its average volume of 36,173. The business has a fifty day moving average price of $178.07 and a 200-day moving average price of $177.95. First Trust US Equity Opportunities ETF has a one year low of $146.01 and a one year high of $206.18. The firm has a market cap of $1.35 billion, a PE ratio of 32.81 and a beta of 1.29.

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.