First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Update

First Trust International IPO ETF (NASDAQ:FPXI) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, a drop of 59.1% from the January 31st total of 2,200 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Advisor Alliance purchased a new position in shares of First Trust International IPO ETF in the 4th quarter valued at approximately $221,000. OneDigital Investment Advisors LLC purchased a new position in shares of First Trust International IPO ETF in the 4th quarter valued at approximately $359,000. Arkadios Wealth Advisors grew its stake in shares of First Trust International IPO ETF by 4.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 7,978 shares of the company’s stock valued at $386,000 after purchasing an additional 352 shares during the last quarter. US Bancorp DE grew its stake in shares of First Trust International IPO ETF by 3.1% in the 3rd quarter. US Bancorp DE now owns 11,100 shares of the company’s stock valued at $537,000 after purchasing an additional 336 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of First Trust International IPO ETF by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,128 shares of the company’s stock valued at $808,000 after purchasing an additional 1,135 shares during the last quarter.

First Trust International IPO ETF Trading Up 0.1 %

Shares of FPXI stock opened at $49.68 on Friday. The business’s 50 day moving average is $49.91 and its two-hundred day moving average is $49.04. First Trust International IPO ETF has a twelve month low of $41.95 and a twelve month high of $53.16. The company has a market capitalization of $139.10 million, a P/E ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.0945 dividend. The ex-dividend date was Friday, December 13th.

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.