First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Sees Large Increase in Short Interest

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,300 shares, an increase of 232.1% from the May 15th total of 2,800 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 4.2 days.

First Trust IPOX Europe Equity Opportunities ETF Stock Up 0.6%

Shares of First Trust IPOX Europe Equity Opportunities ETF stock opened at $30.49 on Thursday. First Trust IPOX Europe Equity Opportunities ETF has a 52 week low of $21.14 and a 52 week high of $31.49. The business’s fifty day simple moving average is $27.81 and its 200-day simple moving average is $27.07. The firm has a market cap of $4.57 million, a PE ratio of 22.04 and a beta of 1.15.

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

Several large investors have recently modified their holdings of the business. REAP Financial Group LLC acquired a new position in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth about $38,000. Coppell Advisory Solutions LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth about $128,000. Finally, Jane Street Group LLC increased its holdings in First Trust IPOX Europe Equity Opportunities ETF by 2.4% during the 4th quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after purchasing an additional 942 shares during the period.

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.