First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE – Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 600 shares, a growth of 20.0% from the February 13th total of 500 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of FPXE. Coppell Advisory Solutions LLC purchased a new position in shares of First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter worth about $128,000. Jane Street Group LLC boosted its stake in First Trust IPOX Europe Equity Opportunities ETF by 2.4% in the fourth quarter. Jane Street Group LLC now owns 40,416 shares of the company’s stock worth $1,033,000 after buying an additional 942 shares in the last quarter. Finally, REAP Financial Group LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF in the fourth quarter worth approximately $38,000.
First Trust IPOX Europe Equity Opportunities ETF Trading Down 0.8 %
Shares of NASDAQ FPXE traded down $0.21 during midday trading on Tuesday, hitting $26.92. 2,507 shares of the company’s stock were exchanged, compared to its average volume of 1,001. 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 market cap of $4.04 million, a price-to-earnings ratio of 22.79 and a beta of 1.00. The business’s fifty day moving average price is $27.09 and its two-hundred day moving average price is $26.54.
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.
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