First Trust US Equity Opportunities ETF (NYSEARCA:FPX – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 15,442 shares, a decline of 39.2% from the August 31st total of 25,410 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 18,870 shares, the short-interest ratio is currently 0.8 days.
Institutional Trading of First Trust US Equity Opportunities ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in First Trust US Equity Opportunities ETF by 43.3% in the 1st quarter. Bank of America Corp DE now owns 204,237 shares of the company’s stock worth $32,435,000 after buying an additional 61,752 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust US Equity Opportunities ETF by 57.7% in the first quarter. Royal Bank of Canada now owns 112,977 shares of the company’s stock valued at $17,941,000 after acquiring an additional 41,319 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust US Equity Opportunities ETF by 3.6% in the first quarter. Cetera Investment Advisers now owns 86,687 shares of the company’s stock worth $13,767,000 after acquiring an additional 3,024 shares during the last quarter. Ocean Park Asset Management LLC acquired a new stake in shares of First Trust US Equity Opportunities ETF in the second quarter worth $10,376,000. Finally, Cassia Capital Partners LLC increased its position in First Trust US Equity Opportunities ETF by 4.2% during the first quarter. Cassia Capital Partners LLC now owns 58,822 shares of the company’s stock worth $9,342,000 after acquiring an additional 2,392 shares during the period.
First Trust US Equity Opportunities ETF Stock Performance
Shares of NYSEARCA:FPX traded up $1.91 during midday trading on Thursday, hitting $180.09. The company’s stock had a trading volume of 47,631 shares, compared to its average volume of 37,037. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The stock’s 50 day simple moving average is $181.50 and its 200 day simple moving average is $182.39. 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.
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