First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Short Interest Update

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 600 shares, an increase of 20.0% from the February 13th total of 500 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.6 days.

First Trust IPOX Europe Equity Opportunities ETF Stock Down 0.8 %

First Trust IPOX Europe Equity Opportunities ETF stock traded down $0.21 during mid-day trading on Tuesday, hitting $26.92. 2,507 shares of the 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 firm’s fifty day simple moving average is $27.09 and its two-hundred day simple moving average is $26.54. The stock has a market capitalization of $4.04 million, a price-to-earnings ratio of 22.79 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in 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 last quarter. REAP Financial Group LLC bought a new position in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth approximately $38,000. Finally, Coppell Advisory Solutions LLC bought a new position in First Trust IPOX Europe Equity Opportunities ETF during the 4th quarter worth approximately $128,000.

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.