Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Increases By 50.0%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 600 shares, an increase of 50.0% from the March 15th total of 400 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

First Trust IPOX Europe Equity Opportunities ETF Stock Up 1.1 %

FPXE traded up $0.28 during midday trading on Friday, hitting $25.97. The company had a trading volume of 130 shares, compared to its average volume of 1,195. First Trust IPOX Europe Equity Opportunities ETF has a 52 week low of $21.14 and a 52 week high of $28.48. The company has a market capitalization of $3.89 million, a price-to-earnings ratio of 18.41 and a beta of 1.00. The stock’s 50 day moving average price is $26.41 and its 200 day moving average price is $26.42.

About First Trust IPOX Europe Equity Opportunities ETF

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.