Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Declines By 33.3%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXEGet Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 400 shares, a drop of 33.3% from the February 28th total of 600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. REAP Financial Group LLC bought a new position in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth about $38,000. Jane Street Group LLC raised its position in shares of First Trust IPOX Europe Equity Opportunities ETF by 2.4% during the 4th quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after purchasing an additional 942 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter worth approximately $128,000.

First Trust IPOX Europe Equity Opportunities ETF Trading Down 1.3 %

First Trust IPOX Europe Equity Opportunities ETF stock traded down $0.34 during mid-day trading on Monday, reaching $25.64. The company’s stock had a trading volume of 9,538 shares, compared to its average volume of 1,042. The firm has a market cap of $3.85 million, a price-to-earnings ratio of 24.76 and a beta of 1.00. First Trust IPOX Europe Equity Opportunities ETF has a twelve month low of $23.38 and a twelve month high of $28.48. The business has a 50 day moving average price of $27.22 and a 200-day moving average price of $26.60.

About First Trust IPOX Europe Equity Opportunities ETF

(Get Free Report)

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.

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