First Trust US Equity Opportunities ETF (NYSEARCA:FPX) Short Interest Update

by · The Cerbat Gem

First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 68,097 shares, an increase of 76.7% from the June 30th total of 38,530 shares. Based on an average daily trading volume, of 58,193 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust US Equity Opportunities ETF

Several hedge funds have recently modified their holdings of the stock. Accel Wealth Management acquired a new position in First Trust US Equity Opportunities ETF in the 2nd quarter valued at $203,000. Ocean Park Asset Management LLC purchased a new position in First Trust US Equity Opportunities ETF during the second quarter worth about $10,376,000. City Holding Co. raised its holdings in First Trust US Equity Opportunities ETF by 80.9% during the second quarter. City Holding Co. now owns 1,610 shares of the company’s stock worth $332,000 after purchasing an additional 720 shares in the last quarter. Adamsbrown Wealth Consultants LLC acquired a new stake in First Trust US Equity Opportunities ETF in the second quarter valued at about $324,000. Finally, Puff Wealth Management LLC acquired a new stake in First Trust US Equity Opportunities ETF in the second quarter valued at about $295,000.

First Trust US Equity Opportunities ETF Stock Performance

First Trust US Equity Opportunities ETF stock traded down $2.49 during mid-day trading on Friday, reaching $177.43. 42,259 shares of the company were exchanged, compared to its average volume of 40,534. First Trust US Equity Opportunities ETF has a twelve month low of $142.97 and a twelve month high of $206.18. The firm’s 50-day simple moving average is $191.42 and its two-hundred day simple moving average is $177.26. The firm has a market cap of $1.48 billion, a PE ratio of 32.81 and a beta of 1.26.

About First Trust US Equity Opportunities ETF

(Get Free Report)

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.

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