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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 14,407 shares, a growth of 75.5% from the July 30th total of 8,211 shares. Based on an average daily trading volume, of 32,711 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

First Trust US Equity Opportunities ETF Stock Down 1.1%

FPX opened at $178.24 on Wednesday. First Trust US Equity Opportunities ETF has a 12 month low of $146.01 and a 12 month high of $206.18. The company has a fifty day simple moving average of $187.10 and a 200 day simple moving average of $180.12. The stock has a market cap of $1.48 billion, a P/E ratio of 32.81 and a beta of 1.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPX. J. Derek Lewis & Associates Inc. bought a new position in shares of First Trust US Equity Opportunities ETF during the 4th quarter valued at about $484,000. Rubicon Advisors GP acquired a new position in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at approximately $523,000. Worthington Financial Partners LLC bought a new stake in First Trust US Equity Opportunities ETF during the 4th quarter worth approximately $4,135,000. Bank of America Corp DE increased its stake in 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 worth $32,435,000 after purchasing an additional 61,752 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in First Trust US Equity Opportunities ETF during the 4th quarter worth approximately $6,126,000.

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.