First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Large Increase in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 33,975 shares, an increase of 281.1% from the November 30th total of 8,914 shares. Based on an average daily trading volume, of 25,303 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 25,303 shares, the days-to-cover ratio is presently 1.3 days.

First Trust US Equity Opportunities ETF Price Performance

Shares of NYSEARCA FPX traded down $0.24 during midday trading on Thursday, reaching $169.31. 15,863 shares of the stock were exchanged, compared to its average volume of 29,143. First Trust US Equity Opportunities ETF has a 12 month low of $94.13 and a 12 month high of $174.68. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26. The business has a 50-day simple moving average of $163.64 and a two-hundred day simple moving average of $155.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cottonwood Capital Advisors LLC grew its position in shares of First Trust US Equity Opportunities ETF by 2.8% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 2,416 shares of the company’s stock valued at $401,000 after acquiring an additional 65 shares during the period. Pure Financial Advisors LLC increased its position in First Trust US Equity Opportunities ETF by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 2,580 shares of the company’s stock worth $374,000 after buying an additional 70 shares during the last quarter. Advisory Services Network LLC raised its stake in First Trust US Equity Opportunities ETF by 1.2% in the third quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock valued at $1,022,000 after buying an additional 74 shares during the period. Proactive Wealth Strategies LLC lifted its position in shares of First Trust US Equity Opportunities ETF by 0.4% in the third quarter. Proactive Wealth Strategies LLC now owns 20,307 shares of the company’s stock valued at $3,374,000 after buying an additional 76 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of First Trust US Equity Opportunities ETF by 17.3% during the 3rd quarter. Private Trust Co. NA now owns 638 shares of the company’s stock worth $106,000 after acquiring an additional 94 shares during the last quarter.

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.