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

First Trust International IPO ETF (NASDAQ:FPXI) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 400 shares, a growth of 33.3% from the February 28th total of 300 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust International IPO ETF Stock Down 0.2 %

NASDAQ:FPXI traded down $0.08 during mid-day trading on Monday, hitting $47.22. 9,687 shares of the stock traded hands, compared to its average volume of 10,638. The business’s 50-day moving average price is $50.07 and its 200 day moving average price is $49.17. The company has a market cap of $132.20 million, a PE ratio of 27.14 and a beta of 0.81. First Trust International IPO ETF has a 12-month low of $41.95 and a 12-month high of $53.16.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FPXI. Benjamin Edwards Inc. bought a new stake in First Trust International IPO ETF during the third quarter valued at $1,915,000. Jane Street Group LLC raised its holdings in shares of First Trust International IPO ETF by 104.3% in the 3rd quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock valued at $1,706,000 after acquiring an additional 18,015 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of First Trust International IPO ETF by 196.7% during the 4th quarter. Arkadios Wealth Advisors now owns 23,674 shares of the company’s stock valued at $1,116,000 after acquiring an additional 15,696 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust International IPO ETF by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,128 shares of the company’s stock valued at $808,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust International IPO ETF during the fourth quarter worth about $1,144,000.

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.