First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Shares Shorted: Short Interest Down 53.4% in September

First Trust US Equity Opportunities ETF (NYSEARCA:FPX) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 7,198 shares, a drop of 53.4% from the September 15th total of 15,442 shares. Based on an average daily volume of 16,149 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust US Equity Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Montgomery Financial Services LLC purchased a new position in First Trust US Equity Opportunities ETF during the 2nd quarter worth $29,000. Fifth Third Bancorp acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 1st quarter worth $32,000. Osbon Capital Management LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter worth $43,000. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the second quarter valued at about $83,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of First Trust US Equity Opportunities ETF by 51.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 529 shares of the company’s stock valued at $87,000 after acquiring an additional 179 shares in the last quarter.

First Trust US Equity Opportunities ETF Price Performance

Shares of NYSEARCA:FPX traded down $4.21 during trading on Wednesday, reaching $173.15. The company had a trading volume of 25,465 shares, compared to its average volume of 36,410. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 32.81 and a beta of 1.29. The stock’s fifty day moving average price is $181.42 and its 200 day moving average price is $183.47. First Trust US Equity Opportunities ETF has a fifty-two week low of $146.01 and a fifty-two week high of $206.18.

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.