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

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 400 shares, an increase of 300.0% from the August 31st total of 100 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is presently 0.0 days.

First Trust International IPO ETF Stock Performance

NASDAQ:FPXI traded down $0.24 during mid-day trading on Friday, reaching $48.76. The stock had a trading volume of 813 shares, compared to its average volume of 12,790. The firm has a market capitalization of $151.16 million, a price-to-earnings ratio of 27.85 and a beta of 0.81. First Trust International IPO ETF has a twelve month low of $36.02 and a twelve month high of $49.29. The business has a 50 day simple moving average of $47.08 and a 200 day simple moving average of $46.89.

First Trust International IPO ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be given a $0.0444 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.18 dividend on an annualized basis and a yield of 0.36%.

Institutional Investors Weigh In On First Trust International IPO ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clarus Wealth Advisors lifted its position in shares of First Trust International IPO ETF by 2.9% during the 2nd quarter. Clarus Wealth Advisors now owns 8,507 shares of the company’s stock valued at $413,000 after acquiring an additional 239 shares during the period. WealthCare Investment Partners LLC lifted its position in shares of First Trust International IPO ETF by 2.0% during the 1st quarter. WealthCare Investment Partners LLC now owns 27,224 shares of the company’s stock valued at $1,257,000 after acquiring an additional 546 shares during the period. US Bancorp DE lifted its position in shares of First Trust International IPO ETF by 7.1% during the 1st quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $437,000 after acquiring an additional 628 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust International IPO ETF during the 4th quarter valued at approximately $34,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of First Trust International IPO ETF during the 4th quarter worth approximately $39,000.

First Trust International IPO ETF Company Profile

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.