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

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 37,432 shares, a drop of 38.4% from the April 30th total of 60,720 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 36,873 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPX. WealthPLAN Partners LLC increased its holdings in shares of First Trust US Equity Opportunities ETF by 4.9% in the fourth quarter. WealthPLAN Partners LLC now owns 1,294 shares of the company’s stock valued at $212,000 after purchasing an additional 61 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of First Trust US Equity Opportunities ETF by 1.2% during the 3rd quarter. Advisory Services Network LLC now owns 6,150 shares of the company’s stock worth $1,022,000 after buying an additional 74 shares during the last quarter. Proactive Wealth Strategies LLC lifted its stake in shares of First Trust US Equity Opportunities ETF by 0.4% during the 3rd quarter. Proactive Wealth Strategies LLC now owns 20,307 shares of the company’s stock worth $3,374,000 after buying an additional 76 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of First Trust US Equity Opportunities ETF by 21.1% during the 4th quarter. Blair William & Co. IL now owns 533 shares of the company’s stock worth $87,000 after buying an additional 93 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust US Equity Opportunities ETF by 1.3% during the first quarter. NewEdge Advisors LLC now owns 8,745 shares of the company’s stock worth $977,000 after acquiring an additional 110 shares during the period.

First Trust US Equity Opportunities ETF Trading Down 0.6%

Shares of FPX stock traded down $1.16 on Thursday, hitting $192.25. The stock had a trading volume of 11,892 shares, compared to its average volume of 32,851. First Trust US Equity Opportunities ETF has a twelve month low of $136.91 and a twelve month high of $195.81. The company has a fifty day moving average price of $178.40 and a two-hundred day moving average price of $169.35. The firm has a market cap of $1.41 billion, a P/E ratio of 32.81 and a beta of 1.27.

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.