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

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

Hedge Funds Weigh In On First Trust International IPO ETF

Institutional investors have recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in shares of First Trust International IPO ETF during the 2nd quarter worth approximately $403,000. Susquehanna International Group LLP grew its stake in shares of First Trust International IPO ETF by 16.7% during the 2nd quarter. Susquehanna International Group LLP now owns 100,042 shares of the company’s stock worth $4,708,000 after purchasing an additional 14,330 shares during the period. WealthCare Investment Partners LLC grew its stake in shares of First Trust International IPO ETF by 3.4% during the 3rd quarter. WealthCare Investment Partners LLC now owns 28,737 shares of the company’s stock worth $1,372,000 after purchasing an additional 952 shares during the period. CWM LLC grew its stake in shares of First Trust International IPO ETF by 1,035.3% during the 3rd quarter. CWM LLC now owns 28,554 shares of the company’s stock worth $1,381,000 after purchasing an additional 26,039 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in shares of First Trust International IPO ETF by 4.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 7,025 shares of the company’s stock worth $340,000 after purchasing an additional 269 shares during the period.

First Trust International IPO ETF Stock Up 1.4 %

Shares of First Trust International IPO ETF stock opened at $50.29 on Wednesday. The firm has a market capitalization of $140.81 million, a P/E ratio of 27.85 and a beta of 0.81. The company has a 50 day moving average price of $49.00 and a 200 day moving average price of $48.21. First Trust International IPO ETF has a 52 week low of $41.21 and a 52 week high of $51.41.

First Trust International IPO ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0945 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.