Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Rises By 224.0%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 7,202 shares, a growth of 224.0% from the March 31st total of 2,223 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 31,859 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

A number of hedge funds have recently modified their holdings of FPX. Reyes Financial Architecture Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $29,000. Comerica Bank raised its position in shares of First Trust US Equity Opportunities ETF by 457.6% in the third quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after buying an additional 151 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $38,000. Finally, Mather Group LLC. acquired a new stake in shares of First Trust US Equity Opportunities ETF in the third quarter valued at about $40,000.

First Trust US Equity Opportunities ETF Trading Up 0.3%

NYSEARCA:FPX traded up $0.51 during trading hours on Monday, reaching $179.67. 6,929 shares of the company were exchanged, compared to its average volume of 30,063. The stock’s 50-day moving average is $166.41 and its 200-day moving average is $165.22. The firm has a market cap of $1.32 billion, a PE ratio of 32.81 and a beta of 1.25. First Trust US Equity Opportunities ETF has a twelve month low of $115.32 and a twelve month high of $180.69.

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.