First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) Sees Significant Drop in Short Interest

First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 400 shares, a decrease of 33.3% from the February 28th total of 600 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust IPOX Europe Equity Opportunities ETF

A number of large investors have recently added to or reduced their stakes in FPXE. Coppell Advisory Solutions LLC purchased a new stake in First Trust IPOX Europe Equity Opportunities ETF during the fourth quarter valued at about $128,000. Jane Street Group LLC increased its holdings in shares of 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 during the period. Finally, REAP Financial Group LLC bought a new stake in shares of First Trust IPOX Europe Equity Opportunities ETF in the 4th quarter valued at about $38,000.

First Trust IPOX Europe Equity Opportunities ETF Price Performance

NASDAQ FPXE traded down $0.36 on Friday, reaching $25.97. 523 shares of the company’s stock traded hands, compared to its average volume of 1,008. The stock has a market cap of $3.90 million, a PE ratio of 24.76 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 stock has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $26.59.

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.