First Trust International IPO ETF (NASDAQ:FPXI) Sees Significant Decrease in Short Interest

First Trust International IPO ETF (NASDAQ:FPXI) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a drop of 99.5% from the October 31st total of 65,300 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.0 days.

First Trust International IPO ETF Price Performance

Shares of NASDAQ:FPXI traded down $0.04 during trading on Thursday, reaching $49.81. The company had a trading volume of 8,594 shares, compared to its average volume of 12,173. The stock’s fifty day moving average price is $48.78 and its 200 day moving average price is $47.79. First Trust International IPO ETF has a fifty-two week low of $40.63 and a fifty-two week high of $50.27. The firm has a market capitalization of $141.96 million, a price-to-earnings ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0444 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.18 dividend on an annualized basis and a yield of 0.36%.

Institutional Trading of First Trust International IPO ETF

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP increased its stake in shares of First Trust International IPO ETF by 16.7% during the second quarter. Susquehanna International Group LLP now owns 100,042 shares of the company’s stock worth $4,708,000 after acquiring an additional 14,330 shares during the period. Benjamin Edwards Inc. purchased a new stake in First Trust International IPO ETF in the 3rd quarter valued at approximately $1,915,000. Jane Street Group LLC increased its position in First Trust International IPO ETF by 104.3% during the 3rd quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock worth $1,706,000 after purchasing an additional 18,015 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Trust International IPO ETF by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,082 shares of the company’s stock worth $1,416,000 after buying an additional 1,113 shares in the last quarter. Finally, WealthCare Investment Partners LLC lifted its holdings in shares of First Trust International IPO ETF by 3.4% in the 3rd quarter. WealthCare Investment Partners LLC now owns 28,737 shares of the company’s stock valued at $1,372,000 after buying an additional 952 shares during the period.

About First Trust International IPO ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.