Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Declines By 58.9%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 13,955 shares, a decline of 58.9% from the December 15th total of 33,975 shares. Based on an average daily volume of 22,683 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 22,683 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in First Trust US Equity Opportunities ETF in the 3rd quarter valued at $8,308,000. NewEdge Advisors LLC increased its holdings in shares of First Trust US Equity Opportunities ETF by 387.9% in the 2nd quarter. NewEdge Advisors LLC now owns 42,669 shares of the company’s stock worth $6,183,000 after buying an additional 33,924 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust US Equity Opportunities ETF by 19.5% during the 2nd quarter. Raymond James Financial Inc. now owns 145,503 shares of the company’s stock valued at $21,085,000 after buying an additional 23,784 shares in the last quarter. NTV Asset Management LLC raised its position in shares of First Trust US Equity Opportunities ETF by 297.4% during the 2nd quarter. NTV Asset Management LLC now owns 23,961 shares of the company’s stock valued at $3,472,000 after buying an additional 17,931 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in shares of First Trust US Equity Opportunities ETF by 369.1% during the 3rd quarter. Equitable Holdings Inc. now owns 12,043 shares of the company’s stock worth $2,001,000 after acquiring an additional 9,476 shares during the last quarter.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA FPX traded up $0.06 during trading hours on Friday, hitting $168.05. The company had a trading volume of 46,589 shares, compared to its average volume of 35,890. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26. First Trust US Equity Opportunities ETF has a 52 week low of $94.13 and a 52 week high of $174.68. The firm has a 50 day simple moving average of $164.19 and a 200 day simple moving average of $158.77.

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.