First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Decrease in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 7,198 shares, a decline of 53.4% from the September 15th total of 15,442 shares. Based on an average daily trading volume, of 16,149 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in First Trust US Equity Opportunities ETF by 43.3% during the first quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after buying an additional 61,752 shares during the last quarter. Ocean Park Asset Management LLC bought a new stake in First Trust US Equity Opportunities ETF in the second quarter worth $10,376,000. Ethos Financial Group LLC bought a new stake in First Trust US Equity Opportunities ETF in the first quarter worth $7,226,000. Royal Bank of Canada grew its stake in shares of First Trust US Equity Opportunities ETF by 57.7% in the first quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock worth $17,941,000 after acquiring an additional 41,319 shares during the last quarter. Finally, Worthington Financial Partners LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the fourth quarter worth $4,135,000.

First Trust US Equity Opportunities ETF Price Performance

FPX stock traded up $0.66 during trading on Thursday, reaching $173.81. The company had a trading volume of 26,114 shares, compared to its average volume of 36,359. First Trust US Equity Opportunities ETF has a 52 week low of $146.01 and a 52 week high of $206.18. The company has a market cap of $1.41 billion, a P/E ratio of 32.81 and a beta of 1.29. The business has a 50 day moving average of $181.11 and a 200 day moving average of $183.70.

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. 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.