Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Declines By 14.2%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,827 shares, a decrease of 14.2% from the February 12th total of 2,130 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 22,892 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 22,892 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Large investors have recently bought and sold shares of the stock. Reyes Financial Architecture Inc. acquired a new stake in shares of First Trust US Equity Opportunities ETF during the third quarter worth about $28,000. Manning & Napier Advisors LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $29,000. Comerica Bank grew its stake in First Trust US Equity Opportunities ETF by 457.6% during the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Ameriflex Group Inc. purchased a new position in First Trust US Equity Opportunities ETF during the 3rd quarter worth approximately $38,000. Finally, Mather Group LLC. acquired a new position in First Trust US Equity Opportunities ETF during the third quarter worth approximately $40,000.

First Trust US Equity Opportunities ETF Stock Performance

FPX stock traded up $0.91 during midday trading on Wednesday, reaching $165.71. 2,058 shares of the company were exchanged, compared to its average volume of 29,842. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 32.81 and a beta of 1.26. First Trust US Equity Opportunities ETF has a 1-year low of $94.13 and a 1-year high of $174.68. The stock’s 50-day simple moving average is $165.09 and its 200 day simple moving average is $163.75.

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.