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

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a large growth in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of First Trust International IPO ETF

A number of institutional investors have recently modified their holdings of FPXI. Wells Fargo & Company MN raised its position in First Trust International IPO ETF by 4.4% in the 4th quarter. Wells Fargo & Company MN now owns 334,358 shares of the company’s stock valued at $15,765,000 after buying an additional 14,127 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust International IPO ETF by 16.6% during the 4th quarter. LPL Financial LLC now owns 297,427 shares of the company’s stock worth $14,024,000 after acquiring an additional 42,407 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust International IPO ETF by 22.8% in the fourth quarter. Bank of America Corp DE now owns 43,608 shares of the company’s stock valued at $2,056,000 after purchasing an additional 8,101 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust International IPO ETF in the third quarter worth $1,915,000. Finally, Jane Street Group LLC boosted its holdings in First Trust International IPO ETF by 104.3% during the third quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock worth $1,706,000 after purchasing an additional 18,015 shares during the last quarter.

First Trust International IPO ETF Stock Performance

NASDAQ FPXI traded down $0.08 on Monday, reaching $47.22. The company had a trading volume of 9,687 shares, compared to its average volume of 10,638. The company’s fifty day moving average is $50.07 and its 200-day moving average is $49.17. The firm has a market capitalization of $132.20 million, a price-to-earnings ratio of 27.14 and a beta of 0.81. First Trust International IPO ETF has a 1-year low of $41.95 and a 1-year high of $53.16.

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.