First Trust International IPO ETF (NASDAQ:FPXI) Sees Significant Growth in Short Interest

First Trust International IPO ETF (NASDAQ:FPXI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust International IPO ETF

Several hedge funds have recently bought and sold shares of the stock. Private Portfolio Partners LLC boosted its position in First Trust International IPO ETF by 1.9% in the 2nd quarter. Private Portfolio Partners LLC now owns 14,113 shares of the company’s stock worth $554,000 after purchasing an additional 266 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of First Trust International IPO ETF by 4.7% during the 1st quarter. Gladstone Institutional Advisory LLC now owns 6,954 shares of the company’s stock valued at $284,000 after buying an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust International IPO ETF by 6.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,528 shares of the company’s stock valued at $215,000 after buying an additional 340 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust International IPO ETF by 0.9% during the 1st quarter. Bank of America Corp DE now owns 41,902 shares of the company’s stock valued at $1,709,000 after buying an additional 387 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of First Trust International IPO ETF by 2.6% during the 4th quarter. Marshall Wace LLP now owns 15,963 shares of the company’s stock valued at $620,000 after buying an additional 400 shares in the last quarter.

First Trust International IPO ETF Trading Down 0.3 %

First Trust International IPO ETF stock opened at $46.34 on Thursday. First Trust International IPO ETF has a 12 month low of $36.02 and a 12 month high of $47.43. The stock’s 50 day simple moving average is $44.50 and its two-hundred day simple moving average is $41.50. The firm has a market cap of $180.73 million, a PE ratio of 24.60 and a beta of 0.81.

About First Trust International IPO ETF

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.