Short Interest in First Trust International IPO ETF (NASDAQ:FPXI) Rises By 65,200.0%

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 65,300 shares, an increase of 65,200.0% from the October 15th total of 100 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 7.4 days.

First Trust International IPO ETF Trading Up 1.1 %

NASDAQ:FPXI opened at $49.44 on Thursday. First Trust International IPO ETF has a twelve month low of $39.42 and a twelve month high of $50.15. The company has a market cap of $140.90 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. The stock has a fifty day simple moving average of $48.37 and a 200-day simple moving average of $47.56.

First Trust International IPO ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.0444 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.18 annualized dividend and a dividend yield of 0.36%.

Institutional Trading of First Trust International IPO ETF

Several institutional investors and hedge funds have recently made changes to their positions in FPXI. CWM LLC lifted its position in shares of First Trust International IPO ETF by 1,035.3% during the third 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 last quarter. CoreCap Advisors LLC bought a new stake in shares of First Trust International IPO ETF in the second quarter valued at about $875,000. Susquehanna International Group LLP raised its holdings in shares of First Trust International IPO ETF by 16.7% in the second quarter. Susquehanna International Group LLP now owns 100,042 shares of the company’s stock valued at $4,708,000 after acquiring an additional 14,330 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of First Trust International IPO ETF in the second quarter valued at about $403,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of First Trust International IPO ETF in the first quarter valued at about $245,000.

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.