First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Down 98.9% in December

First Trust International IPO ETF (NASDAQ:FPXI) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 100 shares, a drop of 98.9% from the November 30th total of 9,500 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of First Trust International IPO ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hibernia Wealth Partners LLC acquired a new position in First Trust International IPO ETF during the 3rd quarter worth $230,000. Advisor OS LLC grew its stake in First Trust International IPO ETF by 21.5% in the second quarter. Advisor OS LLC now owns 5,648 shares of the company’s stock worth $266,000 after purchasing an additional 1,000 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings 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 valued at $340,000 after buying an additional 269 shares during the last quarter. Arkadios Wealth Advisors raised its stake in First Trust International IPO ETF by 4.6% during 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 in the last quarter. Finally, Bank of Montreal Can bought a new position in First Trust International IPO ETF during the 2nd quarter worth approximately $403,000.

First Trust International IPO ETF Trading Up 0.4 %

NASDAQ FPXI traded up $0.17 during mid-day trading on Thursday, reaching $47.90. 6,240 shares of the company’s stock traded hands, compared to its average volume of 12,051. The company has a fifty day simple moving average of $49.16 and a 200-day simple moving average of $48.04. First Trust International IPO ETF has a 1-year low of $40.77 and a 1-year high of $50.80. The company has a market cap of $136.52 million, a price-to-earnings ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.0945 per share. The ex-dividend date is 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.