First Trust International IPO ETF (NASDAQ:FPXI) Sees Significant Increase in Short Interest

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 400 shares, an increase of 300.0% from the August 31st total of 100 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is presently 0.0 days.

First Trust International IPO ETF Stock Performance

Shares of FPXI traded down $0.24 during mid-day trading on Friday, reaching $48.76. The company had a trading volume of 813 shares, compared to its average volume of 12,790. The firm has a 50-day moving average price of $47.08 and a 200 day moving average price of $46.89. First Trust International IPO ETF has a 52 week low of $36.02 and a 52 week high of $49.29. The company has a market capitalization of $151.16 million, a price-to-earnings ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a $0.0444 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.36%.

Institutional Trading of First Trust International IPO ETF

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its stake in First Trust International IPO ETF by 7.1% during the 1st quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $437,000 after buying an additional 628 shares during the last quarter. Able Wealth Management LLC purchased a new stake in First Trust International IPO ETF in the 4th quarter worth $59,000. J.W. Cole Advisors Inc. purchased a new stake in First Trust International IPO ETF in the 1st quarter worth $218,000. Asset Allocation Strategies LLC increased its stake in First Trust International IPO ETF by 13.8% in the 4th quarter. Asset Allocation Strategies LLC now owns 80,569 shares of the company’s stock worth $3,404,000 after buying an additional 9,762 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in First Trust International IPO ETF in the 2nd quarter worth $875,000.

First Trust International IPO ETF Company Profile

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.