First Trust International IPO ETF (NASDAQ:FPXI) Short Interest Up 33.3% in March

First Trust International IPO ETF (NASDAQ:FPXI) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 400 shares, an increase of 33.3% from the February 28th total of 300 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust International IPO ETF Stock Performance

FPXI traded up $0.30 during trading on Wednesday, reaching $47.65. 17,125 shares of the company’s stock were exchanged, compared to its average volume of 10,727. The company’s fifty day moving average price is $49.97 and its 200-day moving average price is $49.17. The firm has a market capitalization of $131.04 million, a PE ratio of 27.14 and a beta of 0.81. First Trust International IPO ETF has a fifty-two week low of $41.95 and a fifty-two week high of $53.16.

Institutional Investors Weigh In On First Trust International IPO ETF

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in First Trust International IPO ETF by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 334,358 shares of the company’s stock valued at $15,765,000 after buying an additional 14,127 shares during the period. LPL Financial LLC increased its stake in shares of First Trust International IPO ETF by 16.6% in the 4th quarter. LPL Financial LLC now owns 297,427 shares of the company’s stock valued at $14,024,000 after acquiring an additional 42,407 shares during the last quarter. Bank of America Corp DE raised its position in shares of First Trust International IPO ETF by 22.8% in the 4th quarter. Bank of America Corp DE now owns 43,608 shares of the company’s stock valued at $2,056,000 after acquiring an additional 8,101 shares during the period. Benjamin Edwards Inc. bought a new position in First Trust International IPO ETF during the 3rd quarter worth approximately $1,915,000. Finally, Jane Street Group LLC grew its holdings in First Trust International IPO ETF by 104.3% during the third quarter. Jane Street Group LLC now owns 35,283 shares of the company’s stock valued at $1,706,000 after purchasing an additional 18,015 shares during the period.

About First Trust International IPO ETF

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.