Short Interest in First Trust International IPO ETF (NASDAQ:FPXI) Increases By 4,200.0%

First Trust International IPO ETF (NASDAQ:FPXI) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 4,300 shares, a growth of 4,200.0% from the December 15th total of 100 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is presently 0.4 days.

First Trust International IPO ETF Stock Performance

Shares of NASDAQ:FPXI traded down $0.43 during trading on Monday, hitting $47.29. 530 shares of the stock were exchanged, compared to its average volume of 21,435. First Trust International IPO ETF has a 1-year low of $40.77 and a 1-year high of $50.80. The company has a market capitalization of $132.41 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. The company’s fifty day simple moving average is $48.94 and its 200-day simple moving average is $48.07.

First Trust International IPO ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.0945 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust International IPO ETF

Several hedge funds and other institutional investors have recently modified their holdings of FPXI. Commonwealth Equity Services LLC lifted its position in shares of First Trust International IPO ETF by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,082 shares of the company’s stock worth $1,416,000 after buying an additional 1,113 shares during the period. Bank of Montreal Can bought a new position in First Trust International IPO ETF in the 2nd quarter valued at $403,000. Susquehanna International Group LLP raised its position in First Trust International IPO ETF by 16.7% in the 2nd quarter. Susquehanna International Group LLP now owns 100,042 shares of the company’s stock valued at $4,708,000 after purchasing an additional 14,330 shares during the last quarter. WealthCare Investment Partners LLC raised its position in First Trust International IPO ETF by 3.4% in the 3rd quarter. WealthCare Investment Partners LLC now owns 28,737 shares of the company’s stock valued at $1,372,000 after purchasing an additional 952 shares during the last quarter. Finally, CWM LLC raised its position in First Trust International IPO ETF by 1,035.3% in the 3rd quarter. CWM LLC now owns 28,554 shares of the company’s stock valued at $1,381,000 after purchasing an additional 26,039 shares during the last quarter.

About First Trust International IPO ETF

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.