First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Down 80.1% in August

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 17,500 shares, a drop of 80.1% from the August 15th total of 87,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LPL Financial LLC lifted its stake in shares of First Trust US Equity Opportunities ETF by 40.6% in the 1st quarter. LPL Financial LLC now owns 390,106 shares of the company’s stock valued at $43,590,000 after acquiring an additional 112,627 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust US Equity Opportunities ETF by 19.5% in the 2nd quarter. Raymond James Financial Inc. now owns 145,503 shares of the company’s stock valued at $21,085,000 after acquiring an additional 23,784 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust US Equity Opportunities ETF by 10.2% in the 4th quarter. Bank of America Corp DE now owns 142,375 shares of the company’s stock valued at $17,015,000 after acquiring an additional 13,197 shares during the last quarter. CW Advisors LLC lifted its stake in shares of First Trust US Equity Opportunities ETF by 0.3% in the 2nd quarter. CW Advisors LLC now owns 98,905 shares of the company’s stock valued at $14,332,000 after acquiring an additional 263 shares during the last quarter. Finally, Bernardo Wealth Planning LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the 1st quarter valued at $6,594,000.

First Trust US Equity Opportunities ETF Stock Performance

Shares of FPX stock opened at $158.75 on Friday. The stock’s fifty day moving average price is $150.14 and its two-hundred day moving average price is $133.25. The company has a market cap of $1.07 billion, a PE ratio of 32.81 and a beta of 1.09. First Trust US Equity Opportunities ETF has a fifty-two week low of $94.13 and a fifty-two week high of $159.62.

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.