First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Up 82.9% in January

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 25,519 shares, a growth of 82.9% from the December 31st total of 13,955 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 34,861 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 34,861 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reyes Financial Architecture Inc. bought a new stake in First Trust US Equity Opportunities ETF in the third quarter valued at about $28,000. Manning & Napier Advisors LLC acquired a new position in shares of First Trust US Equity Opportunities ETF during the 3rd quarter worth about $29,000. Comerica Bank increased its stake in shares of First Trust US Equity Opportunities ETF by 457.6% in the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 2nd quarter valued at approximately $29,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in First Trust US Equity Opportunities ETF by 238.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 227 shares of the company’s stock worth $33,000 after acquiring an additional 160 shares during the last quarter.

First Trust US Equity Opportunities ETF Trading Down 2.4%

Shares of FPX traded down $4.01 on Friday, reaching $163.67. 19,410 shares of the company’s stock were exchanged, compared to its average volume of 32,491. The business has a 50 day moving average price of $166.17 and a two-hundred day moving average price of $160.62. First Trust US Equity Opportunities ETF has a 12 month low of $94.13 and a 12 month high of $174.68. The stock has a market capitalization of $1.20 billion, a P/E ratio of 32.81 and a beta of 1.26.

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.