First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Update

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 8,211 shares, a drop of 87.9% from the July 15th total of 68,097 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 65,066 shares, the short-interest ratio is presently 0.1 days.

First Trust US Equity Opportunities ETF Trading Up 1.4%

NYSEARCA FPX traded up $2.52 on Thursday, hitting $188.74. 29,720 shares of the stock traded hands, compared to its average volume of 40,135. The stock has a 50-day moving average of $189.54 and a 200 day moving average of $178.31. First Trust US Equity Opportunities ETF has a twelve month low of $142.97 and a twelve month high of $206.18. The company has a market capitalization of $1.57 billion, a P/E ratio of 32.81 and a beta of 1.28.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Accel Wealth Management bought a new position in shares of First Trust US Equity Opportunities ETF during the second quarter valued at approximately $203,000. Ocean Park Asset Management LLC acquired a new position in First Trust US Equity Opportunities ETF during the 2nd quarter valued at approximately $10,376,000. City Holding Co. boosted its position in First Trust US Equity Opportunities ETF by 80.9% during the 2nd quarter. City Holding Co. now owns 1,610 shares of the company’s stock valued at $332,000 after purchasing an additional 720 shares during the period. Adamsbrown Wealth Consultants LLC bought a new position in First Trust US Equity Opportunities ETF during the 2nd quarter worth $324,000. Finally, Puff Wealth Management LLC bought a new position in First Trust US Equity Opportunities ETF during the 2nd quarter worth $295,000.

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.