First Trust International IPO ETF (NASDAQ:FPXI) Sees Significant Increase in Short Interest

First Trust International IPO ETF (NASDAQ:FPXI) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 900 shares, a growth of 200.0% from the May 31st total of 300 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.1 days.

First Trust International IPO ETF Price Performance

Shares of NASDAQ FPXI traded down $0.01 during trading hours on Thursday, hitting $47.18. 7,990 shares of the stock were exchanged, compared to its average volume of 14,264. First Trust International IPO ETF has a one year low of $36.02 and a one year high of $48.45. The company’s 50 day moving average is $46.83 and its 200 day moving average is $44.96. The firm has a market capitalization of $160.41 million, a P/E ratio of 27.85 and a beta of 0.81.

First Trust International IPO ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.2987 per share. The ex-dividend date of this dividend is Thursday, June 27th.

Institutional Investors Weigh In On First Trust International IPO ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FPXI. ICA Group Wealth Management LLC bought a new position in First Trust International IPO ETF during the fourth quarter worth $34,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust International IPO ETF during the fourth quarter valued at about $39,000. Able Wealth Management LLC bought a new stake in shares of First Trust International IPO ETF in the fourth quarter valued at about $59,000. Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust International IPO ETF during the third quarter worth about $209,000. Finally, J.W. Cole Advisors Inc. bought a new position in First Trust International IPO ETF during the first quarter valued at about $218,000.

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.