First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Down 55.6% in June

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 400 shares, a decrease of 55.6% from the June 15th total of 900 shares. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC grew its holdings in shares of First Trust International IPO ETF by 23.3% in the 4th quarter. CoreCap Advisors LLC now owns 17,468 shares of the company’s stock worth $738,000 after acquiring an additional 3,296 shares during the period. Principal Securities Inc. purchased a new position in shares of First Trust International IPO ETF in the fourth quarter valued at $320,000. International Assets Investment Management LLC purchased a new position in shares of First Trust International IPO ETF in the fourth quarter valued at $4,420,000. Able Wealth Management LLC acquired a new position in shares of First Trust International IPO ETF during the 4th quarter worth $59,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of First Trust International IPO ETF in the 4th quarter worth about $2,708,000.

First Trust International IPO ETF Stock Performance

First Trust International IPO ETF stock traded up $0.50 during midday trading on Friday, reaching $48.68. The company’s stock had a trading volume of 18,174 shares, compared to its average volume of 14,063. First Trust International IPO ETF has a fifty-two week low of $36.02 and a fifty-two week high of $48.99. The firm has a market capitalization of $153.34 million, a PE ratio of 27.85 and a beta of 0.81. The stock’s 50 day simple moving average is $47.41 and its 200 day simple moving average is $45.36.

First Trust International IPO ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.2987 per share. The ex-dividend date was Thursday, June 27th.

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.