First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Up 423.5% in March

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 25,541 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,541 shares, the short-interest ratio is presently 0.4 days.

First Trust US Equity Opportunities ETF Price Performance

Shares of FPX traded up $1.99 during mid-day trading on Wednesday, reaching $165.24. 5,984 shares of the company’s stock traded hands, compared to its average volume of 29,757. 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 cap of $1.21 billion, a P/E ratio of 32.81 and a beta of 1.26. The stock’s 50-day moving average is $164.59 and its two-hundred day moving average is $164.21.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Reyes Financial Architecture Inc. purchased a new position in shares of First Trust US Equity Opportunities ETF during the third quarter valued at $28,000. Manning & Napier Advisors LLC purchased a new position in First Trust US Equity Opportunities ETF during the third quarter valued at approximately $29,000. Comerica Bank increased its holdings in First Trust US Equity Opportunities ETF by 457.6% during 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 period. Ameriflex Group Inc. bought a new position in First Trust US Equity Opportunities ETF in the third quarter worth approximately $38,000. Finally, Mather Group LLC. purchased a new stake in First Trust US Equity Opportunities ETF during the third quarter worth $40,000.

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.