Short Interest in First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Drops By 28.6%

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 500 shares, a decline of 28.6% from the January 31st total of 700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 0.6 days.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

Shares of First Trust IPOX Europe Equity Opportunities ETF stock traded up $0.59 during trading hours on Wednesday, hitting $27.48. 428 shares of the company’s stock traded hands, compared to its average volume of 840. The stock has a market capitalization of $4.12 million, a price-to-earnings ratio of 22.79 and a beta of 1.00. First Trust IPOX Europe Equity Opportunities ETF has a 12-month low of $23.38 and a 12-month high of $28.48. The company has a fifty day simple moving average of $26.94 and a 200-day simple moving average of $26.52.

First Trust IPOX Europe Equity Opportunities ETF Cuts Dividend

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

Institutional Trading of First Trust IPOX Europe Equity Opportunities ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in shares of First Trust IPOX Europe Equity Opportunities ETF by 2.4% in 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. REAP Financial Group LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth $38,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter valued at $128,000.

First Trust IPOX Europe Equity Opportunities ETF Company Profile

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.