First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 37,432 shares, a drop of 38.4% from the April 30th total of 60,720 shares. Based on an average trading volume of 36,873 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the shares of the stock are short sold.
Institutional Trading of First Trust US Equity Opportunities ETF
Several institutional investors and hedge funds have recently modified their holdings of FPX. Reyes Financial Architecture Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $28,000. Comerica Bank raised its holdings in shares of First Trust US Equity Opportunities ETF by 457.6% in the 3rd quarter. Comerica Bank now owns 184 shares of the company’s stock valued at $31,000 after acquiring an additional 151 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 1st quarter valued at about $32,000. Ameriflex Group Inc. purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 3rd quarter valued at about $38,000. Finally, Osbon Capital Management LLC purchased a new stake in shares of First Trust US Equity Opportunities ETF in the 4th quarter valued at about $43,000.
First Trust US Equity Opportunities ETF Stock Down 0.2%
NYSEARCA:FPX opened at $192.96 on Friday. The business’s 50-day moving average price is $178.99 and its two-hundred day moving average price is $169.60. First Trust US Equity Opportunities ETF has a twelve month low of $136.91 and a twelve month high of $195.81. The stock has a market cap of $1.42 billion, a P/E ratio of 32.81 and a beta of 1.28.
First Trust US Equity Opportunities ETF Company Profile
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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