First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Sees Significant Growth in Short Interest

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 9,564 shares, an increase of 423.5% from the February 26th total of 1,827 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,541 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 25,541 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Several institutional investors have recently modified their holdings of FPX. J. Derek Lewis & Associates Inc. bought a new stake in First Trust US Equity Opportunities ETF in the 4th quarter valued at about $484,000. Rockefeller Capital Management L.P. boosted its stake in First Trust US Equity Opportunities ETF by 5.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,738 shares of the company’s stock valued at $448,000 after purchasing an additional 139 shares during the period. Osbon Capital Management LLC acquired a new position in First Trust US Equity Opportunities ETF during the 4th quarter valued at about $43,000. World Investment Advisors grew its position in First Trust US Equity Opportunities ETF by 3.2% in the 4th quarter. World Investment Advisors now owns 3,892 shares of the company’s stock worth $637,000 after purchasing an additional 120 shares during the last quarter. Finally, Rubicon Advisors GP bought a new position in First Trust US Equity Opportunities ETF in the 4th quarter worth about $523,000.

First Trust US Equity Opportunities ETF Stock Up 0.2%

NYSEARCA FPX traded up $0.36 during trading hours on Tuesday, hitting $163.25. The company had a trading volume of 19,958 shares, compared to its average volume of 30,196. First Trust US Equity Opportunities ETF has a fifty-two week low of $94.13 and a fifty-two week high of $174.68. The business has a fifty day simple moving average of $164.59 and a 200-day simple moving average of $164.21. The firm has a market cap 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.