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

by · The Cerbat Gem

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

First Trust International Equity Opportunities ETF Trading Down 4.1%

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

Institutional Trading of First Trust International Equity Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ballast Advisors LLC purchased a new position in shares of First Trust International Equity Opportunities ETF during the first quarter worth approximately $73,000. NewEdge Advisors LLC raised its position in First Trust International Equity Opportunities ETF by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 49,604 shares of the company’s stock valued at $3,063,000 after purchasing an additional 8,275 shares during the last quarter. Western Wealth Management LLC acquired a new stake in First Trust International Equity Opportunities ETF during the 1st quarter worth $48,000. Arkadios Wealth Advisors boosted its stake in First Trust International Equity Opportunities ETF by 8.0% during the 1st quarter. Arkadios Wealth Advisors now owns 29,409 shares of the company’s stock worth $1,816,000 after purchasing an additional 2,181 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in First Trust International Equity Opportunities ETF by 2.7% during the 1st quarter. Kestra Advisory Services LLC now owns 50,470 shares of the company’s stock worth $3,116,000 after purchasing an additional 1,310 shares during the period.

First Trust International Equity Opportunities ETF Company Profile

(Get Free Report)

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.

Recommended Stories