First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Short Interest Down 33.3% in March

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXEGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a drop of 33.3% from the February 28th total of 600 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new position in shares of First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth $128,000. Jane Street Group LLC boosted its position in First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the fourth quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock valued at $1,033,000 after buying an additional 942 shares in the last quarter. Finally, REAP Financial Group LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter worth $38,000.

First Trust IPOX Europe Equity Opportunities ETF Stock Performance

Shares of First Trust IPOX Europe Equity Opportunities ETF stock traded down $0.36 on Friday, reaching $25.97. 523 shares of the stock were exchanged, compared to its average volume of 1,008. The firm has a market cap of $3.90 million, a PE ratio of 24.76 and a beta of 1.00. The firm’s 50 day moving average is $27.22 and its 200-day moving average is $26.59. First Trust IPOX Europe Equity Opportunities ETF has a one year low of $23.38 and a one year high of $28.48.

About First Trust IPOX Europe Equity Opportunities ETF

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The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.

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