First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Stock Short Interest Report for October

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 4,208 shares, a decrease of 41.5% from the September 30th total of 7,198 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 25,862 shares, the days-to-cover ratio is currently 0.2 days.

First Trust US Equity Opportunities ETF Stock Performance

Shares of NYSEARCA FPX traded down $1.95 during mid-day trading on Monday, reaching $167.29. 26,280 shares of the company traded hands, compared to its average volume of 36,126. The company’s fifty day moving average is $178.07 and its two-hundred day moving average is $177.95. 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 stock has a market cap of $1.34 billion, a PE ratio of 32.81 and a beta of 1.29.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FPX. Bank of America Corp DE raised its stake in shares of First Trust US Equity Opportunities ETF by 43.3% in the first 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 during the last quarter. Commonwealth Equity Services LLC acquired a new position in First Trust US Equity Opportunities ETF during the 3rd quarter valued at about $9,187,000. Ocean Park Asset Management LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the 2nd quarter valued at about $10,376,000. Ethos Financial Group LLC bought a new position in shares of First Trust US Equity Opportunities ETF in the 1st quarter valued at about $7,226,000. Finally, Royal Bank of Canada boosted its stake in shares of First Trust US Equity Opportunities ETF by 57.7% in the 1st quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after purchasing an additional 41,319 shares during the last quarter.

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.