First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Significant Increase in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 60,720 shares, a growth of 743.1% from the April 15th total of 7,202 shares. Based on an average daily volume of 27,655 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Trading of First Trust US Equity Opportunities ETF

Several large investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. boosted its position in shares of First Trust US Equity Opportunities ETF by 439.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,269 shares of the company’s stock valued at $2,661,000 after acquiring an additional 13,252 shares during the last quarter. Private Advisory Group LLC acquired a new position in First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $881,000. IFG Advisory LLC boosted its holdings in First Trust US Equity Opportunities ETF by 96.4% in the 3rd quarter. IFG Advisory LLC now owns 16,228 shares of the company’s stock valued at $2,696,000 after purchasing an additional 7,965 shares during the last quarter. Krilogy Financial LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at approximately $712,000. Finally, PFG Advisors acquired a new stake in shares of First Trust US Equity Opportunities ETF during the 4th quarter worth approximately $646,000.

First Trust US Equity Opportunities ETF Stock Performance

Shares of FPX stock traded down $5.39 during trading hours on Tuesday, reaching $184.75. The company had a trading volume of 9,521 shares, compared to its average volume of 30,683. The stock has a fifty day moving average of $169.79 and a 200-day moving average of $166.44. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 32.81 and a beta of 1.27. First Trust US Equity Opportunities ETF has a 12-month low of $130.75 and a 12-month high of $190.94.

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. The Index utilizes a 10% capping on all constituents and includes the 100 largest, typically best-performing and most liquid initial public offerings (IPOs) of the United States companies in the IPOX Global Composite Index.