First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Short Interest Drops 39.2%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 15,442 shares, a drop of 39.2% from the August 31st total of 25,410 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 18,870 shares, the short-interest ratio is currently 0.8 days.

First Trust US Equity Opportunities ETF Trading Up 1.1%

FPX traded up $1.91 during trading hours on Thursday, hitting $180.09. The company’s stock had a trading volume of 47,631 shares, compared to its average volume of 37,037. First Trust US Equity Opportunities ETF has a fifty-two week low of $146.01 and a fifty-two week high of $206.18. The company has a 50-day simple moving average of $181.50 and a 200 day simple moving average of $182.39. The firm has a market capitalization of $1.47 billion, a PE ratio of 32.81 and a beta of 1.28.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of First Trust US Equity Opportunities ETF by 43.3% during the 1st quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock valued at $32,435,000 after acquiring an additional 61,752 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust US Equity Opportunities ETF by 57.7% during the 1st quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after acquiring an additional 41,319 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust US Equity Opportunities ETF by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 86,687 shares of the company’s stock worth $13,767,000 after purchasing an additional 3,024 shares during the last quarter. Cassia Capital Partners LLC boosted its position in First Trust US Equity Opportunities ETF by 4.2% during the first quarter. Cassia Capital Partners LLC now owns 58,822 shares of the company’s stock worth $9,342,000 after purchasing an additional 2,392 shares during the period. Finally, Ocean Park Asset Management LLC acquired a new position in First Trust US Equity Opportunities ETF during the second quarter valued at approximately $10,376,000.

About First Trust US Equity Opportunities ETF

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.