Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Grows By 135.7%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,300 shares, an increase of 135.7% from the December 31st total of 1,400 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 6.6 days.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

Shares of FPXE traded up $0.22 during mid-day trading on Thursday, hitting $27.53. 297 shares of the company’s stock were exchanged, compared to its average volume of 995. The company has a market cap of $4.13 million, a PE ratio of 18.76 and a beta of 1.00. First Trust IPOX Europe Equity Opportunities ETF has a 52 week low of $22.50 and a 52 week high of $28.04. The company has a 50-day simple moving average of $26.33 and a 200 day simple moving average of $26.11.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.126 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust IPOX Europe Equity Opportunities ETF

The First Trust IPOX Europe Equity Opportunities ETF (FPXE) is an exchange-traded fund that is based on the IPOX 100 Europe index, a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock. FPXE was launched on Oct 4, 2018 and is managed by First Trust.