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

First Trust International IPO ETF (NASDAQ:FPXI) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,500 shares, an increase of 3,066.7% from the November 15th total of 300 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is currently 1.1 days.

First Trust International IPO ETF Stock Performance

NASDAQ:FPXI traded up $0.83 during midday trading on Wednesday, reaching $50.13. 11,267 shares of the stock traded hands, compared to its average volume of 11,993. The stock has a market capitalization of $142.87 million, a P/E ratio of 27.85 and a beta of 0.81. First Trust International IPO ETF has a 12 month low of $40.77 and a 12 month high of $50.80. The company has a fifty day moving average of $49.07 and a 200 day moving average of $47.96.

First Trust International IPO ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0444 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.18 annualized dividend and a dividend yield of 0.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FPXI. Hibernia Wealth Partners LLC purchased a new stake in First Trust International IPO ETF in the 3rd quarter worth approximately $230,000. Advisor OS LLC raised its holdings in shares of First Trust International IPO ETF by 21.5% during the second quarter. Advisor OS LLC now owns 5,648 shares of the company’s stock valued at $266,000 after acquiring an additional 1,000 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in First Trust International IPO ETF by 4.0% in the third quarter. Koshinski Asset Management Inc. now owns 7,025 shares of the company’s stock worth $340,000 after acquiring an additional 269 shares during the period. Arkadios Wealth Advisors increased its position in First Trust International IPO ETF by 4.6% during 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 period. Finally, Bank of Montreal Can bought a new position in First Trust International IPO ETF in the 2nd quarter worth $403,000.

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.