Short Interest in First Trust International Equity Opportunities ETF (NASDAQ:FPXI) Drops By 76.2%

First Trust International Equity Opportunities ETF (NASDAQ:FPXI) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,941 shares, a decrease of 76.2% from the May 31st total of 33,416 shares. Based on an average daily volume of 22,362 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

First Trust International Equity Opportunities ETF Trading Down 4.1%

First Trust International Equity Opportunities ETF stock opened at $80.70 on Friday. The company has a fifty day simple moving average of $75.35 and a 200-day simple moving average of $67.64. The stock has a market cap of $209.82 million, a P/E ratio of 26.06 and a beta of 0.98. First Trust International Equity Opportunities ETF has a 12-month low of $53.64 and a 12-month high of $86.63.

First Trust International Equity Opportunities ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.3415 dividend. This is a boost from First Trust International Equity Opportunities ETF’s previous quarterly dividend of $0.05. This represents a $1.37 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust International Equity Opportunities ETF in the 1st quarter valued at about $46,000. Western Wealth Management LLC purchased a new stake in First Trust International Equity Opportunities ETF during the first quarter worth approximately $48,000. Ballast Advisors LLC purchased a new stake in First Trust International Equity Opportunities ETF during the first quarter worth approximately $73,000. Advisory Services Network LLC purchased a new stake in First Trust International Equity Opportunities ETF during the third quarter worth approximately $103,000. Finally, NewEdge Advisors LLC boosted its holdings in First Trust International Equity Opportunities ETF by 3,945.5% in the first quarter. NewEdge Advisors LLC now owns 2,670 shares of the company’s stock valued at $126,000 after purchasing an additional 2,604 shares in the last quarter.

About First Trust International Equity Opportunities ETF

The First Trust International Equity Opportunities ETF (FPXI) is an exchange-traded fund that is based on the IPOX International index, a market-cap-weighted index of the 50 largest developed markets ex-US IPOs over the first 1,000 trading days for each stock. FPXI was launched on Nov 5, 2014 and is managed by First Trust.