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 significant increase in short interest in December. As of December 31st, there was short interest totalling 4,300 shares, an increase of 4,200.0% from the December 15th total of 100 shares. Based on an average trading volume of 11,700 shares, the short-interest ratio is presently 0.4 days.

First Trust International IPO ETF Stock Performance

Shares of FPXI opened at $47.40 on Tuesday. The stock has a 50-day simple moving average of $48.91 and a 200-day simple moving average of $48.07. First Trust International IPO ETF has a 1 year low of $40.77 and a 1 year high of $50.80. The stock has a market capitalization of $132.72 million, a PE ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust International IPO ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new stake in First Trust International IPO ETF during the third quarter worth approximately $230,000. Koshinski Asset Management Inc. grew its stake in 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 buying an additional 269 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in First Trust International IPO ETF by 4.6% in the third quarter. Arkadios Wealth Advisors now owns 7,978 shares of the company’s stock valued at $386,000 after buying an additional 352 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of First Trust International IPO ETF in the 2nd quarter valued at $403,000. Finally, US Bancorp DE boosted its stake in First Trust International IPO ETF by 3.1% during the 3rd quarter. US Bancorp DE now owns 11,100 shares of the company’s stock worth $537,000 after purchasing an additional 336 shares during the period.

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.