Short Interest in First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Rises By 76.7%

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 68,097 shares, a growth of 76.7% from the June 30th total of 38,530 shares. Based on an average daily trading volume, of 58,193 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of First Trust US Equity Opportunities ETF

A number of institutional investors have recently made changes to their positions in FPX. Royal Bank of Canada increased its position in First Trust US Equity Opportunities ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 51,337 shares of the company’s stock valued at $5,736,000 after buying an additional 313 shares in the last quarter. NewEdge Advisors LLC grew its stake 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 last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust US Equity Opportunities ETF by 36.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,044 shares of the company’s stock valued at $151,000 after acquiring an additional 278 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of First Trust US Equity Opportunities ETF by 6.3% in the 2nd quarter. Baird Financial Group Inc. now owns 10,457 shares of the company’s stock valued at $1,515,000 after purchasing an additional 624 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in First Trust US Equity Opportunities ETF by 19.5% in the 2nd quarter. Raymond James Financial Inc. now owns 145,503 shares of the company’s stock worth $21,085,000 after purchasing an additional 23,784 shares in the last quarter.

First Trust US Equity Opportunities ETF Stock Performance

NYSEARCA:FPX traded down $2.49 during midday trading on Friday, reaching $177.43. 42,259 shares of the stock traded hands, compared to its average volume of 40,534. First Trust US Equity Opportunities ETF has a 12-month low of $142.97 and a 12-month high of $206.18. The business has a 50-day moving average of $191.65 and a two-hundred day moving average of $177.26. The stock has a market capitalization of $1.48 billion, a PE ratio of 32.81 and a beta of 1.26.

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.